In Re Warner Communications Securities Litigation

How courts have described this case

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

• noting that a lodestar multiple of 2.26 “appears to be at the lower end of the range of multiples used in other cases”
• referring to the calculation of recoverable damages as a “ ‘battle of the experts,’ ” the result of which “is virtually impossible to predict with any certainty”
• “In this ‘battle of the experts’ it is virtually impossible to predict with any certainty which testimony would be credited.... ”
• multiplier of 2.26 awarded to “cream of the plaintiffs bar” for achieving $18 million settlement
• “Numerous cases have recognized that the attorneys’ contingent fee risk is an important factor in determining the fee award.”
• “[i]n this ‘battle of experts,’ it is virtually impossible to predict with any certainty which testimony would be credited”

Source: CourtListener parenthetical corpus (CC0).