Legal Opinion
In re Petrobras Sec. Litig.
District Court, S.D. Illinois
Decided June 22, 2018No. 14–cv–9662PublishedCited by 8 opinions
1Opinion of the Court
JED S. RAKOFF, U.S.D.J.
The $3 billion settlement of this somewhat large securities class action is before the Court for final approval. The Settlement Agreement1 comports with all legal requirements, and the objections to the settlement are without merit. But the nearly $300 million in attorneys' fees requested by plaintiffs' counsel needs to be reduced by roughly one-third.
Named plaintiffs Universities Superannuation Scheme Limited acting as sole corporate trustee for Universities Superannuation Scheme ("USS"), North Carolina Department of State Treasurer ("North Carolina"), and Employees'…
2Cases cited19 opinions
- Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
- Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
- Boeing Co. v. Van GemertSupreme Court of the United States · 1980
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3Cited by8 opinions
- Darish v. Northern Dynasty Minerals Ltd.District Court, E.D. New York · 2023
- In Re Namenda Direct Purchaser Antitrust LitigationDistrict Court, S.D. New York · 2020
- In Re Petrobras SEC. Litig.Court of Appeals for the Second Circuit · 2019
- In Re: Petrobras SEC. Litig.Court of Appeals for the Second Circuit · 2020
- In re Wells Fargo & Company Shareholder Derivative LitigationDistrict Court, N.D. California · 2019
3 more not listed; retrieve them via the Exa API.