IN RE CAPITAL UNDERWRITERS, INC. SECURITIES LIT.

No. MDL 356 WHO.

519 F.Supp. 92 (1981)

In re CAPITAL UNDERWRITERS, INC. SECURITIES LITIGATION.

United States District Court, N. D. California.

May 5, 1981.


Attorney(s) appearing for the Case

James A. Wagner, Honolulu, Hawaii, for F. B. Carter, III, Receiver, Civ. Nos. 75-298, 75-298(1), 78-0518, and 77-0028.

Leroy V. Amen, Securities & Exchange Commission, San Francisco, Cal., for Securities & Exchange Commission, Civ. No. 75-298.

John Marshall Collins, Decker & Collins, San Jose, Cal., for Gary L. DiGirolamo and Bonnie L. DiGirolamo, Civ. No. 77-0028.

Robert L. Lieff, Sonoma, Cal., Jonathan J. Wilcox, San Francisco, Cal., for Rema Class Plaintiffs in Civ. No. 79-0784, Class V in the Cal-Hawaii Action, Civ. No. 75-298(1), and Non-Papakea Investors in Carter II Action, Civ. No. 75-0518.

George P. Eshoo, Eshoo, Scott & Saloman, Redwood City, Cal., for settling defendants California-Hawaii Development, Inc., Dewey O. Chapman, Betty Jane Chapman, and George P. Eshoo.

Peter J. Benvenutti, John F. Taylor, San Francisco, Cal., for intervening plaintiff Community Elec. in Carter II, Civ. No. 78-0518.

Thomas S. DiBiasi, Citrino, Balsam & DiBiasi, Nutley, N. J., Paul E. DiBianco, Honolulu, Hawaii, for intervening plaintiff Corral, et al., in Carter II, Civ. No. 78-0518.

Kenneth M. Christison, San Francisco, Cal., for settling defendant Gery Gomez.

Theodore G. Meeker, Honolulu, Hawaii, for certain Class VI Creditors in the CalHawaii Action, Civ. No. 75-298(1).

Charles J. Quantz, San Francisco, Cal., for Mendelsohn, Civ. A. No. C 75 1259 WHO.

Harold J. Cassidy, Jersey City, N.J., for settling defendants J. V. Development and Vernon Luke.

Jerome Sapiro, Jr., San Francisco, Cal., for settling defendant John L. Susott.

Samuel A. Keesal, Keesal, Young & Logan, Long Beach, Cal., for settling defendants Carlsmith, Carlsmith, Wichman & Case, George C. Grubb, and James W. Boyle.

Auban A. Eisenhardt, Petty, Andres, Tufts & Jackson, San Francisco, Cal., for settling defendants Mattoch, Edmund & Kemper, Mattoch, Edmunds & Brown, Mattoch, Edmunds, Kemper & Brown, Kemper & Watts, and Edward C. Kemper, III.

Robert H. Jaffe, Springfield, N.J., for plaintiffs in Jala I and Jala II in Civ. Nos. 77-0554 and 77-0665.

Jeffrey Barton Cahn, Newark, N.J., for settling plaintiffs in Jala II, Civ. No. 77-0665 and Alice Y. Johnson in Civ. Nos. 77-0054 and 77-0867.

James E. Cooke, Cooke & Macke, San Francisco, Cal., for class action plaintiffs except Harold Wheeler in Civ. A. No. C 78 1737 WHO, for the McDonald Class Action plaintiffs in Civ. A. No. C 76 1492 RHS, and for the Mendelsohn Class Action plaintiffs, except Paul Mendelsohn, in Civ. A. No. C 75 1259 WHO.

Stephen N. Dratch, Roseland, N.J., for defendants Benjamin Rabin, et al. and Washington Capital Corp.

John B. Bates, Patrick J. Mahoney, San Francisco, Cal., for defendants Harris, Kerr, Forster & Co., David E. Latham, Robert Nakama, Stanley Wachi, Gary Kuioko, and Ronald K. Watase.

William J. Keegan, San Francisco, Cal., for settling defendants Honokowai-Papakea Joint Venture, H-K Partners, Ernest C. Hickson, John J. Stanford, James K. Schuler, Thomas F. Burgess, James K. Schuler, Thomas F. Burgess, James K. Schuler & Assoc., Inc., George L. Campos, E. W. Gordon, and Carrington P. Y. Wong.

Patrick E. Catalano, San Francisco, Cal., for defendant Deluchi, Swanson & Sandoval.

Michael J. Murphy, San Francisco, Cal., for defendant Michael Y. Ichikawa.

F. B. Carter, III, receiver.


OPINION

ORRICK, District Judge.

Counsel for the class of plaintiff investors in this multidistrict ("MDL") securities action have submitted petitions for attorneys' fees and costs totaling over $1 million, to be paid out of a settlement fund of $1.75 million. Applying the standards of review listed in Kerr v. Screen Extras Guild, Inc., 526 F.2d 67, 70 (9th Cir. 1975), cert. denied, 425 U.S. 951, 96 S.Ct. 1726...

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