Satisfied with the attorneys’ explanation of their requested fees, a federal judge awarded $7.5 million to the plaintiffs’ lawyers who negotiated a $25 million settlement with three of the defendants in a case alleging price-fixing among egg producers.
U.S. District Judge Gene E. K. Pratter of the Eastern District of Pennsylvania awarded the fees, which amount to 30 percent of the settlement, as they had initially been requested, finding that the lawyers had given her enough information to properly weigh the 10 factors for approving a percentage-of-recovery award, rather than the lodestar method, laid out by the U.S. Court of Appeals for the Third Circuit.
