ZUCKER v. OCCIDENTAL PETROLEUM CORP.

No. 97-56270.

192 F.3d 1323 (1999)

Albert ZUCKER; Sarah Mandelbaum, Plaintiffs-Appellants, Weiss & Yourman; Stull, Stull & Brody, Appellants, v. OCCIDENTAL PETROLEUM CORPORATION; Ray Irani; Howard Collins, Defendants-Appellees, Walter Kaufmann, Appellee.

United States Court of Appeals, Ninth Circuit.

Decided October 19, 1999.


Attorney(s) appearing for the Case

James E. Tullman, Donald S. Urrabazo, Weiss & Yourman, Los Angeles, California, for the plaintiffs-appellants.

Lawrence W. Schonbrun, Berkeley, California, for appellee Walter Kaufmann.

Before: KOZINSKI and KLEINFELD, Circuit Judges, and PANNER, Senior District Judge.


KLEINFELD, Circuit Judge:

This case involves attorneys' fees in a securities fraud class action.

FACTS

Occidental Petroleum had for many years paid dividends of $2.50 per share, whether it made that much money or not. When it was short of profits to pay the dividends, it sometimes sold assets to cover the $2.50. In the fall and winter of 1990, the chairman of the board and company officials told the media that they remained committed to the dividend...

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