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Legal Opinion

Albert Zucker Sarah Mandelbaum, Weiss & Yourman Stull, Stull & Brody v. Occidental Petroleum Corporation Ray Irani Howard Collins, Walter Kaufmann

Court of Appeals for the Ninth Circuit

Decided October 19, 1999No. 97-56270PublishedCited by 105 opinions

1Opinion of the Court

KLEINFELD, Circuit Judge:

This case involves attorneys’ fees in a securities fraud class action.

FACTS

Occidental Petroleum had for many years paid dividends of $2.50 per share, whether it made that much money or not. When it was short of profits to pay the dividends, it sometimes sold assets to cover the $2.50. In the fall and winter of 1990, the chairman of the board and company officials told the media that they remained committed to the dividend policy.

But the policy changed on January 14, 1991. Occidental announced that the dividend would be $1.00 per share instead of $2.50. Three law firms…

2Cases cited18 opinions

  1. Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
  2. In Re General Motors Corporation Pick-Up Truck Fuel Tank Products Liability Litigation. Jack French, Robert M. West, Charles E. Merritt, Gary Blades, Dawn and Tracey Best, Gary and Jackie Barnes, Betty Marteny, John and Mary Southands, Edmund Berning, Dale W. Plummer, Edmund and Anneta Casey, John and Connie Yonki, Carl and Kathryn Corona, Dallas and Patricia Nelson, Mynard and Mildred Duncan, Kirby L. Stegman, Dewayne Anderson, Morris and Barbara Betzold, in No. 94-1064. Rudolph Jenkins, William D. Cunningham, Mather Johnson, Forrest Charles Ginn, Buren William Jones and Martin D. Parkman, in No. 94-1194. Parish of Jefferson, in No. 94-1195. The State of New York, in No. 94-1198. Elton Wilson, Individually, and Frank I. Owen, Individually and on Behalf of the Residents of the State of Alabama, in No. 94-1202. City of New York, in No. 94-1203. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1207. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1208. Commonwealth of Pennsylvania, Department of Transportation, in No. 94-1219Court of Appeals for the Third Circuit · 1995
  3. Grunin v. International House of PancakesCourt of Appeals for the Eighth Circuit · 1975
  4. Parker v. AndersonCourt of Appeals for the Fifth Circuit · 1982
  5. Gottlieb v. WilesCourt of Appeals for the Tenth Circuit · 1993

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3Cited by105 opinions

  1. Staton v. Boeing Co.Court of Appeals for the Ninth Circuit · 2003
  2. In Re Bluetooth Headset Products LiabilityCourt of Appeals for the Ninth Circuit · 2011
  3. Cheryl Reynolds v. Beneficial National Bank, Appeals of Belinda PetersonCourt of Appeals for the Seventh Circuit · 2002
  4. Robert Briseno v. Conagra Foods, Inc.Court of Appeals for the Ninth Circuit · 2021
  5. In Re: Cendant Corporation Prides LitigationCourt of Appeals for the Third Circuit · 2001

100 more not listed; retrieve them via the Exa API.

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