A federal judge has granted final approval of a $21.9 million settlement in a class action antitrust suit that accused a group of manufacturers of electrical carbon products of engaging in a decade-long conspiracy to fix prices. The judge also awarded $5.7 million in attorney fees to the plaintiffs class lawyers.

For the team of mostly Philadelphia lawyers who represent the class, the ruling by U.S. District Judge Jerome B. Simandle of the District of New Jersey cinches a deal that at one time looked dead in the water.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]