Updating our Jul. 30 item from Alaska: “A Superior Court judge has given preliminary approval to a plan to divide $40 million in settlements created by the Bristol Bay salmon price-fixing lawsuit. … Under the plan to divide it, the fishermen would share $9.7 million, receiving an average of $2,145 apiece. The fishermen’s lawyers would get $16.5 million, and the seafood companies and their lawyers would get $13.8 million.” (”Alaska Digest”, Juneau Empire, Dec. 7) Further update Feb. 22: judge approves plan.
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In Alaska; class actions
Smells Fishy: Lawyers Get $30 Million, Plaintiffs Get $10 Million in Salmon Settlement
Alaska salmon fishermen will get less about $2100 each, while defense and plaintiff lawyers share $30 million in a salmon price-fixing settlement approved last week by the district court judge.