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  5. 327 F.Supp.2d 426 (2004)
 

IN RE LUCENT TECHNOLOGIES, INC., SECURITIES LIT.

Nos. 00-CV-621 (JAP), 01-CV-5229 (JAP), 01-CV-3491 (JAP), 02-2460(JAP), 02-CV-4852 (JAP), 02-4260(JAP).

327 F.Supp.2d 426 (2004)

In re LUCENT TECHNOLOGIES, INC., SECURITIES LITIGATION, Warren F. Reinhart and Gerald M. Smith, On Behalf of Themselves and A Class of Persons Similarly Situated, Plaintiffs, v. Lucent Technologies, Inc., et. al., Defendants. Sandra Balaban, On Behalf of Herself and and All Others Similarly Situated, Plaintiff, v. Henry B. Schacht, Richard A. McGinn, Deborah C. Hopkins, Paul A. Allaire, Betsy S. Atkins, Carla A. Hills, Franklin A. Thomas, John A. Young, and Lucent Technologies, Inc., Defendants. Arthur Laufer, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. Lucent Technologies, Inc., Henry Schacht and Deborah Hopkins, Defendants. George Pallas, Derivatively on Behalf of Nominal Defendant Lucent Technologies, Inc., Plaintiff, v. Henry B. Schacht, Paul A. Allaire, Carla A. Hills, Donald K. Peterson, Franklin A. Thomas, John A. Young, Deborah C. Hopkins and Richard A. McGinn, Defendants, and Lucent Technologies, Inc., a Delaware Corporation, Nominal Defendant. Eva Cooper, Derivatively on Behalf of Nominal Defendant Lucent Technologies, Inc., Plaintiff, v. Henry B. Schacht, Paul A. Allaire, Carla A. Hills, Donald K. Peterson, Franklin A. Thomas, John A. Young, Deborah C. Hopkins and Richard A. McGinn, Defendants, and LUCENT TECHNOLOGIES, INC., a Delaware Corporation, Nominal Defendant.

United States District Court, D. New Jersey.

July 19, 2004.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore, Paul C. Saunders, Esq., Daniel Slifkin, Esq., New York City, Lindabury, McCormick & Estabrook, P.A., John H. Schmidt, Jr., Esq., Westfield, NJ, for Defendants Lucent Technologies, Inc., Richard A. McGinn, Donald K. Peterson, and Deborah C. Hopkins.

Milberg, Weiss, Bershad & Schulman LLP, David J. Bershad, Esq., Jerome M. Congress, Esq., Elaine S. Kusel, Esq., Bernstein, Litowitz, Berger & Grossmann LLP, Max W. Berger, Esq., Daniel L. Berger, Esq., Steven B. Singer, Esq., Jeffrey N. Leibell, Esq., Javier Bleichmar, Esq., New York City, Bernstein, Litowitz, Berger & Grossmann LLP, Erik Sandstedt, Esq., Westfield, NJ, Co-Lead Counsel for the Plaintiff Class.

Keller Rohrback, L.L.P., Lynn Lincoln Sarko, Esq., Britt Tinglum, Esq., Seattle, WA, Keller Rohrback, L.L.P., Ron Kilgard, Esq., Phoenix, AZ, Berger & Montague, P.C., Todd S. Collins, Esq., Philadelphia, PA, Stull, Stull & Brody, Edwin J. Mills, Esq., New York City, Weber, Gallagher, Simpson, Stapleton, Fire & Newby, LLP, E. Graham Robb, Esq., Cherry Hill, NJ, Co-Lead Counsel for the ERISA Plaintiffs.

O'Melveny & Myers, LLP, Robert N. Eccles, Esq., Gary S. Tell, Esq., Washington, DC, Lead Counsel for the ERISA Defendant.

Kaufman Gelbert & Bern, LLP, Douglas M. Bern, Esq., Fort Lee, NJ, Wechsler Harwood LLP, Robert I. Harwood, Esq., Samuel K. Rosen, Esq., New York City, for Plaintiff.

Squitieri & Fearon, LLP, Olimpio Lee Squitieri, Esq., Newark, NJ, Kirby, McInerney & Squire, LLP, Jeffrey H. Squire, Esq., Ira M. Press, Esq., Pamela E. Kulsrud, Esq., New York City, Co-Lead Counsel for Plaintiffs.

The Wexler Firm, Kenneth A. Wexler, Esq., Elizabeth Hartweg, Esq., Chicago, IL, for Plaintiffs.

Trujillo, Rodriguez & Richards LLC, Lisa J. Rodriguez, Esq., Haddonfield, NJ, Liaison Counsel.

Greenfield & Goodman, LLC, Richard D. Greenfield, Esq., Royal Oak, MD, Schiffrin & Barroway, LLP, Richard S. Schiffrin, Esq., Robert B. Weiser, Esq., Bala Cynwyd, PA, Co-Lead Derivative Counsel.

Donovan Searles, LLC, Michael D. Donovan, Esq., Weinstein, Kitchenoff, Scarlato & Goldman, Ltd., Robert S. Kitchenoff, Esq., Philadelphia, PA, Other Derivative Counsel.

John J. Pentz, Esq., Boston, MA, Counsel for Objector Edward Gordon.

Stephen Tsai, Esq., Edison, NJ, Counsel for Objector Rinis Travel.

AMENDED OPINION1

PISANO, District Judge.

TABLE OF CONTENTS

 I. Introduction .................................................................................. 430

II. Discussion ................................................................................... 430

    A. Discretion and the Percentage-of-Recovery Preference ...................................... 430

    B. The Gunter...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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