Legal Opinion
Swanson ex rel. Peoria Service Co. v. American Consumer Industries, Inc.
Court of Appeals for the Seventh Circuit
Decided May 29, 1975No. Nos. 74-1430, 74-1434PublishedCited by 11 opinions
1Opinion of the Court
TONE, Circuit Judge.
In this derivative and class action, the minority shareholders of Peoria Service Company (Peoria) have sought rescission of sale of the corporate assets and damages. On the only issue properly before the court on this third appeal, the measure of attorneys’ fees to be paid to plaintiffs’ attorneys, we reverse the order of the District Court which allowed fees of $21,336.00, holding that amount inadequate in the circumstances of this case, and increase the amount to $40,000.00.
The case has been in the federal courts for ten years, having been filed in 1965 to challenge a…
2Cases cited28 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- Sprague v. Ticonic National BankSupreme Court of the United States · 1939
- F. D. Rich Co. v. United States Ex Rel. Industrial Lumber Co.Supreme Court of the United States · 1974
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3Cited by11 opinions
- Beaudry Motor Co. v. Abko Properties, Inc.Court of Appeals for the Ninth Circuit · 1986
- Seigal v. MerrickCourt of Appeals for the Second Circuit · 1980
- James K.J. Cheng v. Gaf CorporationCourt of Appeals for the Second Circuit · 1983
- Johnson v. University of BridgeportCourt of Appeals for the Second Circuit · 1980
- Boeing Co. v. Van GemertSupreme Court of the United States · 1980
6 more not listed; retrieve them via the Exa API.