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United States Third Circuit


WELCH & FORBES, INC. v. CENDANT CORP., MERRILL LYNCH & CO., 99-5555

The integrity and fairness of class settlements is threatened by excessive attorneys' fee awards such that class plaintiffs have standing to challenge excessive fee awards, even when they have received dollar-for-dollar recovery in the class settlement.

Appellate Information

  • Argued 12/15/2000
  • Decided 03/21/2001
  • Published 03/21/2001

Judges

  • BEFORE: SCIRICA, FUENTES and GARTH, Circuit Judges.

Court

  • United States Third Circuit

Counsel

  • For Appellant:
  • Howard B. Sirota (argued), Sirota & Sirota LLP, New York, New York, Counsel for Appellant.

  • For Appellees:
  • Roger Kirby (argued), Kirby McInerney & Squire LLP, New York, New York, Counsel for Plaintiffs-Appellees., Samuel Kadet (argued), Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York, Counsel for Defendants-Appellees.
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