Holding that in common fund cases, the court "may calculate counsel fees either on a percentage of the fund basis or by fashioning a lodestar," and explaining that "time logged is still relevant to the court's inquiry" even under the former method, because "time records tend to illuminate the attorneys' role in the creation of the fund, and, thus, inform the court's inquiry into the reasonableness of a particular percentage"
Holding the court considers whether the parties conducted discovery, engaged in arms-length bargaining, and used an experienced mediator before reaching a settlement
Finding that "[t]he reaction of the class to the settlement has been almost entirely positive" where "[n]one of the institutional investors have objected to the size of the settlement"
In Hochstadt v. Boston Scientific Corp., 708 F. Supp. 2d 95, 105 n. 12 (D. Mass. 2010), the district court found First American "unpersuasive" and, instead, looked to the district court's opinion in Stanford v.Foamex L.P., 263 F.R.D. 156, 173 (E.D. Pa. 2009), that "the availability of an individual account claim under § 502(a)(2) does not alleviate the concerns cited by the numerous courts that have certified ERISA class actions pursuant to Rule 23(b)(1)(B) in situations where claims on behalf of the Plan are identical to those on behalf of an individual account."
Holding that a consent judgment was not final where it incorporated a settlement agreement that permitted the appellant to reinstate his settled claims if he was successful in appealing an earlier adverse ruling
Fed. R. Civ. P. 23 Cited 34,815 times 1232 Legal Analyses
Holding that, to certify a class, the court must find that "questions of law or fact common to class members predominate over any questions affecting only individual members"