Maley v. Del Global Technologies Corp.
District Court, S.D. New York
1Opinion of the Court
OPINION APPROVING SETTLEMENT OF CLASS ACTION AND AWARDING ATTORNEYS’ FEES
MCMAHON, District Judge.
The parties to this securities fraud class action submitted a proposed settlement to the Court for approval. For the reasons stated below, the settlement is approved, and the plaintiffs request for attorneys’ fees is granted.
I. APPROVAL OF THE CLASS ACTION SETTLEMENT
The settlement is valued at approximately $11.5 million, consisting of $2,000,000 in cash (plus interest); a Promissory Note of $2,000,000 (plus interest); 2,500,000 shares of Del Global Technologies Corp. (“Del Global” or the…
2Cases cited47 opinions
- Hensley v. EckerhartSupreme Court of the United States · 1983
- Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
- J. I. Case Co. v. BorakSupreme Court of the United States · 1964
- City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
- Trustees v. GreenoughSupreme Court of the United States · 1882
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