(Download) "Cook v. Niedert" by Seventh Circuit U.S. Court of Appeals " eBook PDF Kindle ePub Free
eBook details
- Title: Cook v. Niedert
- Author : Seventh Circuit U.S. Court of Appeals
- Release Date : January 24, 1998
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
Members of a pension fund needed a named plaintiff and legal representation to combat fund mismanagement. Archie Cook, the named plaintiff, needed an incentive to bring the suit, and the attorneys he ultimately retained needed a reasonable fee for their services. One might have thought that members of the pension fund and Cooks attorneys would be satisfied with the result in the district court. The pension fund recovered over $14 million and underwent substantial structural reforms, Cook received a $25,000 incentive award, and the attorneys obtained more than $2 million for approximately 5,900 hours of work. But apparently no one feels that he, she, or it received the benefit of the bargain, since the pension fund challenges the propriety of the incentive award and both the fund and Cooks attorneys object to the amount of attorneys fees. On appeal we affirm the district Judge in all respects.