Plaintiff’s lawyers led by New York’s Constantine & Partners worked for seven years on a protracted battle between the credit card associations and retailers, including Wal-Mart WMT.N and Sears, Roebuck and Co. S.N .
The lawyers filed with the Federal District Court in Brooklyn for payment of $558 million, along with $18.7 million in expenses, The Wall Street Journal reported.
If Judge John Gleeson approves the request, the lawyers’ fees would be the largest in the history of class-action antitrust settlements, The New York Times said. But on a percentage basis, they would be lower than the 24 percent lawyers average in antitrust settlements over $100 million, the paper said, citing one law school professor.
