In Re Rite Aid Corporation Securities Litigation Class Member/objector Walter Kaufmann

How courts have described this case

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

• determining that counsel was “extraordinarily deft and efficient in handling this most complex matter” because, among other things, he negotiated a particularly favorable non-cash settlement
• explaining that the lodestar method is applied in cases where the nature of the recovery does not allow for application of the percentage-of-recovery method
• finding that the “percentage of the fund” method is the proper method for calculating attorneys’ fees in common fund class actions in this Circuit.
• noting that the lodestar method may be used as a “cross-check” for the percentage-of- recovery method
• explaining that, when performing a “cross-check” of a percentage fee award, an “abridged lodestar analysis” is appropriate
• explaining that “[t]he multiplier is a device that attempts to account for the … risk involved in a particular case and the quality of the attorneys’ work”

Source: CourtListener parenthetical corpus (CC0).