The plaintiffs in a class action sought court approval for a settlement agreement with certain defendants, class counsel fees and disbursements, and honorariums for the representative plaintiffs.
The settlement amount was $37 million.
The court approved the settlement, finding it fair and reasonable given the litigation risks, including dissolved corporate entities and limitations issues.
The court also approved the 30% contingency fee for class counsel and $50,000 honorariums for each representative plaintiff, recognizing their exceptional involvement and exposure to costs.
