U.S. District Judge Richard Seeborg of the Northern District of California has granted final approval to a settlement in litigation over the pricing of of optical disk drives sold to retailers and other business entities. Attorneys for direct purchasers in multiple coordinated lawsuits alleged that defendant electronics companies (including Sony, Samsung, Pioneer, TEAC and others) conspired to set and fix prices from 2004 through 2009 for the electronics components, used to read and write data on DVDs, Blu-rays, and CDs.
Judge Seeborg’s decision included approval of incentive awards for six plaintiffs representatives, as well as attorneys’ fees for the plaintiff counsel who brought the lawsuits. The Judge noted that the fee award was deserved because of the overarching complexity of the case and the various risks involved in bringing it forward. “Class counsel risked time and effort and advanced costs with no ultimate guarantee of compensation,” Judge Seeborg wrote in his order.