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IN RE FIDELITY/MICRON SECURITIES LITIGATION

No. 98-1902.

167 F.3d 735 (1999)

In re FIDELITY/MICRON SECURITIES LITIGATION Diane Weisburgh, etc., et al. v. Fidelity Magellan Fund, et al. Berger & Montague, P.C., et al., Appellants.

United States Court of Appeals, First Circuit.

Decided February 23, 1999.

Attorney(s) appearing for the Case

Glen DeValerio, with whom Kathleen M. Donovan-Maher, Berman, DeValerio & Pease LLP, Stuart H. Savett, Barbara A. Podell, Savett Frutkin Podell & Ryan, P.C., Sherrie R. Savett, Gary E. Cantor, Berger & Montague, P.C., Stephen T. Rodd, and Abbey, Gardy & Squitieri, LLP were on brief, for appellants.

Before SELYA, Circuit Judge, BOWNES, Senior Circuit Judge, and LIPEZ, Circuit Judge.

SELYA, Circuit Judge.

In certain types of complex litigation, the lawyers' monetary interests often comprise a tail that wags the dog. So it is here: this dispute over the reimbursement of certain payments fronted by the lawyers is what remains of a consolidated class action (actually, an amalgam of some 16 suits) asserting claims of securities fraud. After the district court approved a global $10,000,000 settlement, the plaintiffs' attorneys filed a petition seeking...

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