Class Action Lodestar

As a general overview, class action lawsuits involve a group of people in some capacity: A collective class, formed together over the issue of a faulty product, suing a defendant, or a band of defendants, individual negligent companies, for instance, being sued by a single person. While most class action lawsuits are filed for product liability claims, other types of cases end up in court, too, including shareholders suing for business fraud, employees for discrimination, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action lawsuits has its pluses. Because fewer witnesses overlap, the trial process understandably moves along faster, while the overall cost of litigation tends to be lower than for individual plaintiffs filing alone.

On the other hand, these types of cases do tend to have drawbacks. Before the lawsuit even progresses, the collective group must be defined as a class. Federal courts, as well, may stop class actions if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.
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Fifth Circuit Allows Common Fund Fee As Percent In Dell Case …
The Fifth Circuit for a long time has seemed to insist on paying class counsel on a pure lodestar basis 2012), the court upheld a $40 million class action settlement of claims that Dell inflated its share price by making false statements about revenues and other things.

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Class Action Alert
Class Action Alert February 13, 2012 Fifth Circuit Affirms Courts’ Discretion on Fee Methods in Common Fund Class Settlements The United States Court of Appeals for the Fifth Circuit has confirmed that lower courts may use their discretion in

Attorney's Fee – Wikipedia, The Free Encyclopedia
Many courts or laws invoke a lodestar' calculation: reasonably expected billable hours multiplied by a reasonable hourly rate, The Class Action Fairness Act of 2005, which, among other provisions, regulates the fees that can be awarded in a class action,

Computing Center Sitemap – Page 118 2013-07-16
Oracle Corp. plans to purchase meter data management provider Lodestar Corp. as part of its ongoing strategy to build A judge in Iowa's Polk Country District Court Wednesday granted preliminary approval to a settlement in one of the last classaction lawsuits faced by Microsoft Corp. in the

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Class Action Litigation: Avoiding Attorney Fee Recovery Pitfalls
Class Action Litigation: Avoiding Attorney Fee Recovery Pitfalls Plaintiff and Defense Best Practices Regarding Reasonableness of Fees, Tax Consequences, and Ethical Considerations •“Lodestar” of hours worked X reasonable hourly rate

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Class Action Counsel Fees – Bressler
16 NEW JERSEY LAWYER | February .2012 W NJSBA COM Class Action Counsel Fees Will the Lodestar Ride Again? by David H. Pikus For well over a century, courts have wrestled with the challenge of compensating lawyers who

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Attorney Fees In Class Action Settlements: An Empirical Study
Attorney Fees in Class Action Settlements: An Empirical Study which do not differentiate between pure lodestar 50 Attorney Fees in Class Action Settlements 45This is not a complete explanation: fees in some common fund cases are awarded on a pure