FEATURES Preliminary Approval Granted in Labor Dispute
U.S. District Judge Lucy Koh has given preliminary approval to the $50 million payment proposed by DreamWorks Animation back in October as settlement for the ongoing animators’ class action suit against major studios.
The $50 million cash settlement, which would go into a class-action fund, is just under 40% of the damages the plaintiffs’ expert asserts DreamWorks Animation is responsible for. The plaintiffs’ attorneys are allowed to ask for up to 25% of the settlement for their fees, and each named plaintiff would receive up to $10,000. Exact payments for each affected employee will be based on a formula. A final fairness hearing is set for May 18. Provided the DWA settlement is finalized, that will leave just the Disney-owned studios