“Now this goes back to the original approval of the securities fraud settlement because I found in my opinion approving the settlement that counsel for the class were to be commended because they cast their lot along with their clients. That is to say that counsel’s fees were to be determined and paid in accordance with the way the class members were going to be paid; that this was, in my view, a creative and unique approach to the problem of paying fees to class counsel in a securities fraud case.”
The Honorable Joel A. Pisano - United States District Court for the District of New Jersey approving the settlement in In re AremisSoft Corporation Securities Litigation.
“I know you know that I take this responsibility seriously and try to think hard about these issues. And I do want to compliment class counsel. I think that you behaved responsibly here and gave very good service to the class. They were well served by you.”
The Honorable Denise Cote - United States District Court for the Southern District of New York addressing Kessler Topaz in the context of approving the settlement of In re The Interpublic Group of Companies Securities Litigation.
In stating that “[i]t is difficult to overstate the complexity of [the litigation].” Judge Barbadoro noted the extraordinary effort required to pursue the litigation towards its successful conclusion, which also “put [Plaintiffs] at the cutting edge of a rapidly changing area of law.”
The Honorable Paul Barbadoro – United States District Court for the District of New Hampshire granting final approval of the settlement in In re Tyco International, Ltd. Sec. Lit.
“. . . I am pleased to approve the settlement. I think it does the best that could be done under the circumstances on behalf of the class. . . . The litigation was complex in both liability and damages and required both professional skill and standing which class counsel demonstrated in abundance.”
The Honorable Harry D. Leinenweber – United States District Court for the Northern District of Illinois in approving the settlement in Henry v. Sears, et al.