In Re Security America Corporation Securities Litigation

MEMORANDUM OPINION AND ORDER

ALEISA, District Judge.

The plaintiff class’ attorneys’ motion for the award of final counsel fees and expenses is before the court. Before addressing the merits of the motion, the court will provide a brief summary of the history of this litigation and the related litigation in the Illinois state courts.

I. FACTS

This class action arose out of a public offering of stock of Security America Corporation (“Security America”) in 1980. Security Mutual Casualty Company (“Security Mutual”), an Illinois mutual insurance company, was notified in 1980 by the Illinois…