United States Third Circuit

In order for attorneys bringing a derivative shareholder's action to be entitled to fees upon settlement of the litigation, the commencement of the suit must have been in the corporation's interest, not just the settlement.

Appellate Information

• Argued 08/02/2001
• Decided 09/10/2001
• Published 09/11/2001

Judges

• Before McKEE, AMBRO, and GREENBERG, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• William C. Rand (argued), New York, NY, Appellant pro se.


• For Appellees:
  
• Richard D. Greenfield, Greenfield & Goodman, Mark C. Rifkin (argued), Rifkin & Associates, Paoli, PA, Attorneys for Appellee Daniel Mogell., Leonard Fornella, Heintzman, Warren, Wise & Fornella, P.C., Pittsburgh, PA, Attorneys for Defendant-Appellees Westinghouse Electric Corporation and CBS Corporation., Dennis J. Block, Caldwalader, Wickersham & Taft, and Stephen A. Radin, Weil, Gotshall & Manges, LLP, New York, NY, Joseph A. Katarincic, Thorp Reed & Armstrong, LLP, Pittsburgh, PA, Attorneys for Defendants Appellees Robert W. Campbell, Frank C. Carlucci, Robert E. Cawthorn, Gary M. Clark, George H. Conrades, William H. Gray, III, Barbara H. Franklin, Donald F. Hornig, Michael H. Jordan, Paul E. Lego, David K.P. Li, John C. Marous, David T. McLaughlin, Rene C. McPherson, Richard M. Morrow, Richard P. Pivirotto, William A. Powe, Paul Stern, Robert D. Walter, Hays T. Watkins and Leo Yochum.