July 14 (Reuters) - A U.S. judge has declined to approve
$94 million in additional legal fees for a group of attorneys
who already collected more than $269 million in fees for
securing $1.2 billion in settlements with auto parts makers.
Chief U.S. District Judge Sean Cox in Detroit called the
plaintiffs' fee request "excessive" in a ruling on Friday.
Cox said the attorneys from law firms Susman Godfrey;
Cotchett Pitre; and Robins Kaplan were owed more compensation
for their latest and fifth settlement rounds. But the judge said
the amount should be "far less" than $94 million and asked the
lawyers to refile their request closer to the end of the
settlement claims process.
The law firms represent consumer and commercial auto parts
buyers who accused auto parts makers of conspiring to fix
prices.
Companies including Denso; Hitachi Automotive; and
Mitsubishi Electric ( MIELF ) were among dozens of defendants that settled
with the plaintiffs in recent years. They all denied any
wrongdoing. The litigation began in 2012, following a U.S.
Justice Department probe of some manufacturers.
The plaintiffs' lawyers in May asked Cox to approve the
additional fee award, covering legal work from 2019.
Several companies that are members of the class of parts
buyers, including car rental dealers Hertz and Avis
, objected to the $94 million fee request, arguing that
the lawyers had already been amply compensated.
Lawyers requesting the fees at Susman Godfrey; Cotchett
Pitre; and Robins Kaplan did not immediately respond to requests
for comment. Hertz and Avis did not immediately respond to
similar requests.
In a court filing, the plaintiffs' lawyers said the $1.2
billion settlement was "believed to be the largest amount ever
obtained on behalf of indirect purchasers in the history of U.S.
antitrust litigation."
The case is In re Automotive Parts Antitrust Litigation,
U.S. District Court for the Eastern District of Michigan, No.
2:12-md-02311.
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