Security Gas & Oil Inc. v. Kramas

How courts have described this case

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

• stating that the purpose of settlement is to avoid the inherent risks involved in litigation
• noting that favorable reaction of class to settlement, albeit not dispositive, constitutes strong evidence of fairness of proposed settlement and supports judicial approval
• noting the unpredictability of the outcome of a battle of damage experts
• noting the unpredictability of the outcome of a battle of damage experts
• fairness determination turns not on a “mathematical equation yielding a particularized sum ... but rather ... [on] the strengths and weaknesses of the plaintiffs case”
• “ ‘great weight’ is accorded to the recommendations of counsel, who are most closely acquainted with the facts of the underlying litigation.”

Source: CourtListener parenthetical corpus (CC0).