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US: Weil receives $16M award in antitrust deal

By  |  February 25, 2015

Weil, Gotshal & Manges won their antitrust class action suit this week, when a judge awarded the firm $16 million in class counsel fees and signed off on a $58.5 million settlement it negotiated with the performance rights organization SESAC.

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    On Wednesday US District Judge Paul Engelmayer in Manhattan granted final approval to the settlement, which resolves claims that Weil brought on behalf of a group of network television affiliates. The deal caps more than five years of litigation over claims that SESAC violated federal antitrust law through its practice of issuing blanket, all-or-nothing copyright licenses to local stations.

     

    Full Content: New York Law Journal

     

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