In Re Independent Energy Holdings PLC Securities Litigation

How courts have described this case

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

• approving notice where information required by PSLRA was found partly in individual notice and partly in summary notice
• awarding attorney’s expenses incurred that are “incidental and necessary to the representation” of the clients
• due process satisfied by mailing approximately 30,000 notice packets to all reasonably identifiable persons who purchased securities during class period and by publishing summary notice in The New York Times
• “Attorneys may be compensated for reasonable out-of-pocket expenses incurred and customarily charged to their clients.”
• “One of the concerns Congress had in enacting the PSLRA was to ensure that class members received sufficient, comprehensible notice so they could eval- uate proposed settlements intelligently.”
• “Attorneys may be compensated for reasonable out-of-pocket expenses incurred and customarily charged to their clients, as long as they were incidental and necessary to the representation of those clients.”

Source: CourtListener parenthetical corpus (CC0).