Continental Illinois Securities Litigation v. Continental Illinois Corporation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that when a common fund case has been prosecuted on a contingent basis, plaintiffs’ counsel must be compensated adequately for the risk of non-payment
• holding that when a common fund case has been prosecuted on a contingent-fee basis, plaintiffs' counsel must be adequately compensated for the risk of non-payment
• explaining that in class actions, “the usual range for contingent fees is between 33 and 50 percent”
• stating that a court cannot deny large portions of fees “on the basis of [its] inarticulable and unsubstantiated dissatisfaction with the lawyers’ efforts to economize on their time and expenses”
• upholding a district court’s rejection of a proposed $10,000 award to a named plaintiff “for his admittedly modest services”
• upholding a district court's rejection of a proposed $10,000 award to a named plaintiff \for his admittedly modest services\

Source: CourtListener parenthetical corpus (CC0).