Philadelphia Electric Co. v. Anaconda American Brass Co.

MEMORANDUM AND ORDER

FULLAM, District Judge.

These private antitrust treble-damage actions have now been settled by agreement, except as against one defendant, with whom settlement arrangements have been worked out which will be completed in a few months. The sums to be paid in settlement total $22,175,000.00. Counsel for the plaintiffs have jointly petitioned for approval of counsel fees at the rate of 25% of the recovery, to be deducted from the settlement, together with expenses estimated at $50,000.00.

Earlier in this litigation, I ruled that certain of these actions were properly…