Derdiarian v. Futterman Corporation

RYAN, District Judge.

There are before us three applications for fees to be paid by the Futterman Corporation as provided in the Stipulation and Agreement of Compromise and Settlement, dated July 1, 1965, for professional services rendered to the named plaintiffs and all other persons similarly situated. Herman Odell, Esq., requests an allowance of $450,000.00 plus expenses of $2,275.13; Ferro Berdon & Co., accountants, request fees of $50,000.00; and the firm of Knapp & Berson, attorneys for objecting stockholders, seek counsel fees of $75,000.00.

This settlement is unusual in that the fees in…