United States Second Circuit

In a matter involving attorneys' fees following settlement of a private securities class action, judgment awarding 3% of the class's recovery to class counsel rather than the requested 8.5% is affirmed where: 1) appellant has waived its argument that the Private Securities Litigation Reform Act altered the fee-award scheme for cases covered by the Act by failing to present this argument to the district court; and 2) the district court did not abuse its discretion in awarding a reasonable fee under established precedent.

Appellate Information

• Decided 08/19/2008
• Published 08/19/2008

Judges

• PER CURIAM:, Before SOTOMAYOR, WESLEY and WALLACE, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Samuel Issacharoff, New York, New York, for Appellant.