Legal Opinion
In Re Excess Value Insurance Coverage Litigation
District Court, S.D. New York
Decided November 3, 2005No. M-21-84(RMB) (MDL-1339)PublishedCited by 5 opinions
1Opinion of the Court
ORDER DETERMINING COUNSEL FEES
RICHARD M. BERMAN, District Judge.
Recognizing that percentage of funds is the preferred method of assessing fees in a settlement like this, with lodestar analysis providing only a check, I can effectively gauge appropriate attorney fees only if I know the total value of the settlement. But although I am satisfied that the coupon settlement has value to the class, I am not confident of the redemption rate that has been projected and thus of the settlement’s total value. Therefore, I have determined to delay award of attorney fees until experience shows how many…
2Cases cited21 opinions
- Staton v. Boeing Co.Court of Appeals for the Ninth Circuit · 2003
- Goldberger v. Integrated Resources, Inc.Court of Appeals for the Second Circuit · 2000
- Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
- Verizon Communications Inc. v. Law Offices of Curtis v. Trinko, LLPSupreme Court of the United States · 2004
- Cook v. NiedertCourt of Appeals for the Seventh Circuit · 1998
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3Cited by5 opinions
- In re Heartland Payment Systems, Inc. Customer Data Security Breach LitigationDistrict Court, S.D. Texas · 2012
- In re Currency Conversion Fee Antitrust LitigationDistrict Court, S.D. New York · 2009
- Parker v. Time Warner Entertainment Co., LPDistrict Court, E.D. New York · 2009
- Schultz v. Hungry MacHine, Inc.District Court, District of Columbia · 2013
- In re Petrobras Sec. Litig.District Court, S.D. Illinois · 2018