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RAWLINGS v. PRUDENTIAL-BACHE PROPERTIES, INC.

No. 92-1588.

9 F.3d 513 (1993)

Robert W. RAWLINGS, on his own behalf and on behalf of all others similarly situated, Plaintiff, Beigel and Sandler, Ltd., Attorneys-Appellants, v. PRUDENTIAL-BACHE PROPERTIES, INCORPORATED, et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided November 10, 1993.

Attorney(s) appearing for the Case

Ronald A. Schy, Norman Rifkind (argued and briefed), Herbert Beigel, Beigel & Sandler, Chicago, IL, for plaintiff.

Bradley J. Schram, Gary M. Saretsky, Hertz, Schram & Saretzky, Bloomfield Hills, MI, Miriam G. Bahcall, Timothy A. Nelsen, Skadden, Arps, Slate, Meagher & Flom, Chicago, IL, for Prudential-Bache Properties, Inc., Prudential-Bache Securities, Inc.

Ellen M. Tickner, Michael P. Coakley, Miller, Canfield, Paddock & Stone, Detroit, MI, for TGF Investors.

Stephen F. Wasinger, Raymond W. Henney, Honigman, Miller, Schwartz & Cohn, Detroit, MI, for Laventhal and Horwath.

Robert G. Russell, Kerr, Russell & Weber, Detroit, MI, for Fireman's Fund Ins. Co. of Newark.

Before: JONES and NORRIS, Circuit Judges; and JARVIS, Chief District Judge.

ALAN E. NORRIS, Circuit Judge.

In this appeal we are asked to select the proper way to calculate attorney's fees when a successful class action has resulted in the creation of a common fund to be distributed among members of the class. Class counsel contend that the district court abused its discretion by adopting the wrong methodology. Upon review, we conclude that the district court properly tailored the lodestar method to fit the facts of this case. Accordingly...

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