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WALLACE ON BEHALF OF NORTHEAST UTILITIES v. FOX

Civil No. 3:96CV772(PCD).

7 F.Supp.2d 132 (1998)

Deborah WALLACE, derivatively on Behalf of NORTHEAST UTILITIES, Plaintiff, v. Bernard M. FOX, et al., Defendants.

United States District Court, D. Connecticut.

May 13, 1998.

Attorney(s) appearing for the Case

Marc I. Gross, Pomerantz, Haudek, Block & Grossman, New York City, J. Daniel Sagarin, Elias A. Alexiades, David A. Slossberg, Hurwitz & Sagarin, Milford, Stephen A. Whinston, Berger & Montague, Philadelphia, PA, Andrew M. Schatz, Jeffrey S. Nobel, Schatz & Nobel, Hartford, Stuart H. Savett, Savett, Fruitkin, Podell & Ryan, Philadelphia, PA, Klari Neuwelt, Law Offices of Klari Neuwelt, New York City, for Plaintiff.

David J. Elliott, Philip Smith Wellman, Day, Berry & Howard, Hartford, CT, for Defendants.

RULING ON APPLICATION FOR ATTORNEY FEES

DORSEY, District Judge.

Plaintiffs' counsel apply for an award of attorney fees and costs out of the $25 million settlement fund. For the reasons below, the motion is granted in part.

I. BACKGROUND

This is a shareholder derivative action brought on behalf of Northeast Utilities ("NU") alleging breach of fiduciary duties by NU's trustees. NU, a utility company, owns three Millstone...

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