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WESELEY v. SPEAR, LEEDS & KELLOGG

No. 88 C 397.

711 F.Supp. 713 (1989)

Dr. Alan C. WESELEY, Plaintiff, v. SPEAR, LEEDS & KELLOGG, Defendant.

United States District Court, E.D. New York.

April 20, 1989.

Attorney(s) appearing for the Case

Richard Appleby, New York City, for plaintiff.

Reid & Priest (Charles F. Schirmeister, of counsel), New York City, for plaintiff class member, Gemeenschappelijk Administratiekantoor.

Fulbright Jaworski & Reavis McGrath (James E. Nespole, of counsel), New York City, for defendant.

MEMORANDUM AND ORDER

NICKERSON, District Judge.

Plaintiff brought this action under section 10(b) of the Securities Exchange Act (the Act), 15 U.S.C. § 78j(b) (1982), alleging that defendant artificially inflated the opening price of J.P. Morgan common stock on October 20, 1987. The parties entered into a settlement, which the court approved. Plaintiff's counsel, Richard Appleby, Esq. (Appleby), now moves for an award of $575,000 in attorney's fees...

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