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Legal Opinion

In Re Rite Aid Corporation Securities Litigation Class Member/objector Walter Kaufmann

Court of Appeals for the Third Circuit

Decided February 25, 2005No. 03-2914PublishedCited by 241 opinions

1Opinion of the Court

OPINION OF THE COURT

SCIRICA, Chief Judge.

At issue is whether the District Court abused its discretion in assessing the reasonableness of attorneys’ fees requested by class counsel in a § 10(b) securities class action. In all respects but one, the trial judge performed an exemplary analysis. But this factor requires that we vacate and remand.

I

This is an appeal in the Rite Aid Corporation securities litigation, filed under the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 78u-4 et seq. Class counsel in this complex § 10(b) class action were successful in obtaining a settlement…

2Cases cited18 opinions

  1. In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998
  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. Devlin v. ScardellettiSupreme Court of the United States · 2002
  4. In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992
  5. Girsh v. JepsonCourt of Appeals for the Third Circuit · 1975

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3Cited by241 opinions

  1. Frederico v. Home DepotCourt of Appeals for the Third Circuit · 2007
  2. United States v. TomkoCourt of Appeals for the Third Circuit · 2009
  3. Sullivan v. DB Investments, Inc.Court of Appeals for the Third Circuit · 2011
  4. In Re Insurance Brokerage Antitrust LitigationCourt of Appeals for the Third Circuit · 2009
  5. Americas Mining Corp. v. TheriaultSupreme Court of Delaware · 2012

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

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