Fed. Sec. L. Rep. P 96,397 Lawrence J. Beecher v. Charles R. Able, and Four Other Actions, McDonnell Douglas Corporation

How courts have described this case

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

• rejecting defendants’ motion to modify explicit provision of agreement when number of claimants was smaller than expected
• permitting reversion of funds pursuant to court’s equitable power, despite non-reversion clause in the settlement agreement, where result would be inequitable otherwise
• noting equitable powers retained by a court 2 overseeing distribution of settlement proceeds
• court reduced fees and costs to 36 percent of figure agreed to by defendants
• “The fact that this settlement, freely entered into by experienced counsel on both sides, has in light of subsequent events proven to be more beneficial to the plaintiff classes than to [defendant] does not now provide a basis for the agreement to be set aside.”

Source: CourtListener parenthetical corpus (CC0).