Fresno County Employees’ Retirement Association v. Isaacson/Weaver Family Trust
(United States Second Circuit) – Rejected an objecting class member’s challenge to the amount of attorney fees awarded to a law firm that represented the class in a shareholder lawsuit. Raising what the court described as a novel issue, the objector contended that the lodestar fee must be unenhanced because the action was initiated under a statute with a fee‐shifting provision.
FindLaw Opinion Summaries – Class Action