United States Seventh Circuit

In a securities fraud class action, attorney's fees for the lead plaintiff's attorney are vacated and remanded where the district court failed to approximate what the market would have paid the lawyers for their services had they negotiated their fee at the beginning of the case.

Appellate Information

• Argued 04/04/2007
• Decided 10/12/2007
• Published 10/12/2007

Judges

• WILLIAMS, Circuit Judge., Before KANNE, WILLIAMS, and SYKES, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Brad Friedman (argued), Milberg Weiss, New York, NY, Matthew E. Van Tine, Miller Law, Chicago, IL, for Plaintiffs.


• For Appellees:
  
• James E. Hanlon, Jr., Howrey, Simon, Arnold & White, Chicago, IL, for Defendants.