Eastern Building & Loan Ass'n v. Welling

How courts have described this case

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

• recognizing that counsel with contingent fee 10 agreement has a “strong incentive to keep expenses at a reasonable level”
• observing that the fact that the class certification motion was pending at the time of settlement created uncertainty surrounding class certification, which supported approval of the settlement
• finding the stage of the proceeding “strongly” favored approval when counsel had “reviewed millions of pages of documents, participated in 100 depositions, exchanged expert reports and rebuttal reports, and fully briefed the issue of- class certification”
• granting incentive award of $15,000 for each of three lead plaintiffs
• \The high quality of defense counsel opposing [the p]laintiffs' efforts further proves the caliber of representation that was necessary to achieve the Settlement.\
• “By their very nature, ERISA actions often present common questions of law and fact, and are therefore frequently certified as class actions.”

Source: CourtListener parenthetical corpus (CC0).