Legal Opinion
Sutton v. Bernard
Court of Appeals for the Seventh Circuit
Decided October 12, 2007No. 06-3778PublishedCited by 21 opinions
1Opinion of the Court
WILLIAMS, Circuit Judge.
The legal claims in this multimillion dollar securities class action have been settled. The issue of attorneys’ fees for class counsel, however, has not. Having saved the calculation of the fee award for the end of the litigation, the district court concluded that the “degree of success” obtained for the class was the controlling factor in its decision. As we explain more fully below, the district court failed to approximate what the market would have paid the lawyers for their services had they negotiated their fee at the beginning of the case, an approach that our…
2Cases cited7 opinions
- Hensley v. EckerhartSupreme Court of the United States · 1983
- Missouri v. Jenkins Ex Rel. AgyeiSupreme Court of the United States · 1989
- Continental Illinois Securities Litigation v. Continental Illinois CorporationCourt of Appeals for the Seventh Circuit · 1992
- In the Matter Of: Synthroid Marketing LitigationCourt of Appeals for the Seventh Circuit · 2001
- Harman v. Lyphomed, Inc.Court of Appeals for the Seventh Circuit · 1991
2 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- In re Dairy Farmers of America, Inc.District Court, N.D. Illinois · 2015
- Kaufman v. American Express Travel Related Services Co.Court of Appeals for the Seventh Circuit · 2017
- Camp Drug Store, Incorporated v. Cochran Wholesale PharmaceuticCourt of Appeals for the Seventh Circuit · 2018
- Americana Art China Company, I v. Foxfire Printing and PackagingCourt of Appeals for the Seventh Circuit · 2014
- Williams v. Rohm and Haas Pension PlanCourt of Appeals for the Seventh Circuit · 2011
16 more not listed; retrieve them via the Exa API.