United States Third Circuit

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IN RE: RITE AID CORP, 03-2914

In assessing the reasonableness of attorneys' fees in a section 10(b) securities class action, the district court abused its discretion when it misapplied the billing rates of counsel.

Appellate Information

  • Argued 05/27/2004
  • Decided 01/26/2005
  • Published 01/26/2005

Judges

  • Before: SCIRICA, Chief Judge, FISHER and ALARCÓN, Circuit Judges.

Court

  • United States Third Circuit

Counsel

  • For Appellant:
  • Lawrence W. Schonbrun (Argued), Berkeley, CA, for Appellant.

  • For Appellees:
  • Sherrie R. Savett (Argued), Robin Switzenbaum, Carole A. Broderick, Berger & Montague, Philadelphia, PA, David J. Bershad, William C. Fredericks, Christian P. Siebott, Ann M. Lipton, Milberg Weiss Bershad & Schulman, New York, NY, for Appellees, John Tang, Joan Vorpahl, Haim Aybar, Ronald Tunney and Steve Couture.
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