The 7th U.S. Circuit Court of Appeals in Chicago reduced the legal fees that Sears Holding Corp. (SHLD) and Whirlpool Corp.  (WHR)  were ordered to pay to settle a class action lawsuit by $2 million. 

The companies will now have to pay $2.7 million for defective washing machines produced by Whirlpool and sold at Sears. 

A lower court pointed to the "presence of novel and complex legal issues" in awarding plaintiffs a multiplier of 1.75 times base legal fees when it awarded the original $4.7 million judgment. 

The appeals court disagreed with the application of that multiplier. 

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