State and consumer class action attorneys filed notice last week that they have finalized their settlement with Macmillan, first announced in January. The publisher will not only pay out $20 million to settle the suits, as planned, but will also pay $3 million to cover litigation and “investigation” costs; $2.475 million for plaintiff’s attorney fees; and $1,000 for each of the named class action plaintiffs as a “service award”, for a total of $26.25 million. Macmillan is also formally excluded from the June 3 trial, which Judge Cote ruled separately that Penguin must participate in, despite the publisher asking for […]
