In Re Cardinal Health Inc. Securities Litigations

How courts have described this case

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

• finding that requested fee amount with a lodestar multiplier of 7.89 was not unreasonable “[g]iven the outstanding settlement in this case and the noticeable skill of counsel.”
• finding that requested fee amount with a lodestar multiplier of 7.89 was not unreasonable “[g]iven the outstanding settlement in this case and the noticeable skill of counsel.”
• explaining that “[m]ost courts agree that the typical lodestar multiplier in a large post-PSLRA securities class actions ranges from 1.3 to 4.5
• stating that the Sixth Circuit has “explicitly approved the percentage approach in common fund cases.”
• finding that class counsel faced “less risk than in other securities cases because it piggybacked on the success of a prior SEC investigation” and because the defendant had conceded some liability
• finding that class counsel faced lower risk because public events precipitated the litigation

Source: CourtListener parenthetical corpus (CC0).