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In re Cabletron Systems, Inc. Securities Litigation
United States District Court for the District of New Hampshire
239 F.R.D. 30 (2006)
Plaintiffs brought a class action for security fraud. The class action settled for $10.5 million. The attorneys for the class sought fees and expenses to be paid from the settlement. The attorneys worked on a contingent fee arrangement and sought 30 percent of the settlement as their fee, a total of $3.15 million. The attorneys also request $915,414.01 in expenses. The class action was litigated for approximately seven years, and the attorneys logged 22,397 hours on the matter.
Rule of Law
Holding and Reasoning (Smith, J.)
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