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ELLIS v. FLYING TIGER CORPORATION

No. 71-1704.

504 F.2d 1004 (1972)

John H. ELLIS et al., Plaintiffs-Appellees, v. The FLYING TIGER CORPORATION, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 27, 1972.

Attorney(s) appearing for the Case

Glenn W. McGee, Chicago, Ill., David Hartfield, Jr., New York City, for defendant-appellant.

Howard Arvey, Chicago, Ill., for plaintiffs-appellees.

Before SWYGERT, Chief Judge, and CUMMINGS, Circuit Judge and SPRECHER, Circuit Judge.

PER CURIAM.

The issue presented is whether the trial court abused its discretion in awarding $600,000 in attorneys' fees in approving the settlement of a class action.

This action was begun on December 18, 1970, when the plaintiffs, common shareholders of North American Car Corporation, filed a complaint seeking to enjoin a merger between North American and the Flying Tiger Corporation on grounds that a proxy statement contained false and misleading statements...

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