Denial of Attorney’s Fees in Securities Class Action Affirmed
In In re: Adelphia Communications Corp. Sec. & Deriv. Litig., No. 08-4904, a securities and derivative litigation, the court affirmed the denial of non-lead class counsel’s petition for increased attorneys’ fees following a settlement, on the ground that a standard counseling consideration of lead counsels’ allocation of fees did not in any way limit the district court’s ability to engage in a meaningful review of the fairness of the allocation and the overall reasonableness of fees, and such a review occurred here.
Related Resources
- Full Text of In re: Adelphia Communications Corp. Sec. & Deriv. Litig., No. 08-4904
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