Fed. Sec. L. Rep. P 93,547 Arthur Newman v. Howard M. Stein, and Morrie Benson and Rose Lerman, Objectants-Appellants

How courts have described this case

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

• stating that a reviewing court must recognize “the uncertainties of law and fact in any particular case and the concomitant risks and costs necessarily inherent in taking any litigation to completion”
• finding settlement for one seventh of the amount of potential recovery was not unreasonable based on the relevant facts
• “Nor should a court attempt to determine whether the proposed settlement is the best possible or even whether a better agreement might have been negotiated.”
• a 14% settlement approved, even though success was likely but not sure
• evaluating settlement under “range of reasonableness”

Source: CourtListener parenthetical corpus (CC0).