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.
- Argued 05/27/2004
- Decided 01/26/2005
- Published 01/26/2005
- Before: SCIRICA, Chief Judge, FISHER and ALARCÓN, Circuit Judges.
- United States Third Circuit
- 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.