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JORSTAD v. IDS REALTY TRUST

Nos. 80-1289, 80-1290.

643 F.2d 1305 (1981)

Otis M. JORSTAD and Ethel M. Jorstad, Appellees, v. IDS REALTY TRUST, a real estate investment trust; Appellant. IDS Mortgage Corporation, a corporation; IDS Financial Corporation, a corporation; Investors Diversified Services, Inc., a corporation; Alleghany Corporation, a corporation; Charles R. Orem; H. Clifton Whiteman; William L. Mullins; Eugene Gelphman; Robert W. Taylor; John M. Cassidy; John A. Rieder; Donald H. Bruer; J. William Buckley; Ernest U. Buckman; Robert T. Cross; Eugene B. Hanson; Victor A. Lalli; John M. LaVold; John W. Cochran; Bernie O. Snoddy; Howard L. Imme; Walter M. Mischer; Robert R. Patterson, Jr. and Peat, Marwick, Mitchell & Co., a partnership. Otis M. JORSTAD and Ethel M. Jorstad, Appellees, v. IDS REALTY TRUST, a real estate investment trust; IDS Mortgage Corporation, a corporation; IDS Financial Corporation, a corporation; Investors Diversified Services, Inc., a corporation; Appellant. Alleghany Corporation, a corporation; Charles R. Orem; H. Clifton Whiteman; William L. Mullins; Eugene Gelphman; Robert W. Taylor; John M. Cassidy; John A. Rieder; Donald H. Bruer; J. William Buckley; Ernest U. Buckman; Robert T. Cross; Eugene B. Hanson; Victor A. Lalli; John M. LaVold; John W. Cochran; Bernie O. Snoddy; Howard L. Imme; Walter M. Mischer; Robert R. Patterson, Jr. and Peat, Marwick, Mitchell & Co., a partnership.

United States Court of Appeals, Eighth Circuit.

Decided March 10, 1981.

Attorney(s) appearing for the Case

Joe A. Walters, O'Connor & Hannan, and Peter Dorsey, Dorsey, Windhorst, Hannaford, Whitney & Halladay, Minneapolis, Minn., for appellant.

Charles T. Hvass, Hvass, Weisman & King, Minneapolis, Minn., for appellees.

Before ROSS, STEPHENSON and McMILLIAN, Circuit Judges.

ROSS, Circuit Judge.

This is an appeal from a final judgment of the United States District Court, 489 F.Supp. 1180, for the District of Minnesota1 awarding $2,721,650.40 in attorneys' fees and expenses in a securities fraud class action. The parties signed a Stipulation of Settlement on the merits of the lawsuit which provided that class counsel were entitled to "some reasonable amount for attorneys...

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