In Re Cabletron Systems, Inc. Securities Litigation
239 F.R.D. 30 (D.N.H. 2006)
Nature of the Case
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Facts
Counsel represents that they spent more than 7 years on the case on a contingent basis. They contend that a 30% fee of $3.5 million is fair, reasonable and appropriate. Counsel seeks expenses of $915,414.01. Counsel contend that the lawyers collectively logged over 22,397 hours of time for an aggregate lodestar of $8,057,300.50. They contend that they are requesting less than half the lodestar fee and that this is prima facie evidence of reasonableness.
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