Under the proposed deal, the companies will also help plaintiffs bolster their case against other major broadcasters who haven't yet settled.
A massive amount of information was analyzed during discovery, according to the filing that’s embedded below, including more than 14 million documents produced by defendants and 1.4 million pages of telephone records from companies that were subpoenaed, including AT&T and Verizon.
CBS began its settlement talks in the summer of 2021 and reached a deal in principle by the end of that year. The final agreement was executed earlier this month and the company agreed to pay $5 million. Fox’s negotiations followed a similar timeline and it will pay $6 million. The lion’s share of the settlement, $37 million, will be paid by Cox. Their settlement talks didn’t begin until a January 2022 mediation, but they reached agreement on key terms of a deal the following month.
If approved by the court, the settlement fund will be allocated based on how much a class member spent on TV ads during the relevant time period. The parties are also asking the U.S. District Judge Virginia M.
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