Judge OKs $1.5 B Anthropic settlement, cuts class counsel fees to 6.8%

A federal judge approved a $1.5 billion settlement involving Anthropic. The ruling also lowered class counsel fees to 6.8 percent. The settlement resolves the pending class-action lawsuit. The fee reduction aims to align compensation with the case's scope. Parties to the settlement expressed satisfaction with the outcome. The decision may set a precedent for future class-action fee structures. Legal commentators note the impact on litigation financing. The case will close once the settlement is fully executed.