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Attys In Slot App Suits Top $50M In Fees From Settlements
Law360 (February 16, 2021, 10:40 PM EST) A Washington federal judge has awarded more than $50 million in fees and costs to lawyers representing consumers in class actions over several game makers allegedly predatory slot machine phone games, granting the class attorneys bid for 25% of $199.5 million in settlements finalized last year.
U.S. District Judge Robert S. Lasnik on Thursday granted final approval of class action settlement agreements and motions for attorney fees in the consumer suits against Big Fish Games and its former owner, Kentucky Derby operator Churchill Downs, as well as Israeli video game development company Playtika Ltd. and smartphone casino game maker Huuuge Inc..
Robert Antokol, the co-founder and CEO of Israeli-based mobile gaming company Playtika Ltd., founded the company in 2010 along with Uri Shahak. The pair started working in offices above a laundromat and employed only 10 people. On Friday, Playtika became the largest Israeli gaming company to be listed on the Nasdaq with a valuation of $11.7 billion, employing 3,700 people, spread out over 19 different locations around the world.
“We aim for Playtika to be the largest gaming company in the world,” Antokol said in an interview with Calcalist. “Now, after ten years of work, we feel that we want to show the world who Playtika is.”