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IN RE RITE AID CORP. SECURITIES LITIGATION

No. 03-2914.

396 F.3d 294 (2005)

In re RITE AID CORPORATION SECURITIES LITIGATION Plaintiff Class Member/Objector Walter KAUFMANN, Appellant.

United States Court of Appeals, Third Circuit.

Decided January 26, 2005.

As Amended February 25, 2005.

Attorney(s) appearing for the Case

Lawrence W. Schonbrun (Argued), Berkeley, CA, for Appellant.

Sherrie R. Savett (Argued), Robin Switzenbaum, Carole A. Broderick, Berger & Montague, Philadelphia, PA, David J. Bershad, Milberg Weiss Bershad & Schulman, New York, NY, for Appellees, John Tang, Joan Vorpahl, Haim Aybar, Ronald Tunney and Steve Couture.

Before: SCIRICA, Chief Judge, FISHER and ALARCON, Circuit Judges.

OPINION OF THE COURT

SCIRICA, Chief Judge.

At issue is whether the District Court abused its discretion in assessing the reasonableness of attorneys' fees requested by class counsel in a § 10(b) securities class action. In all respects but one, the trial judge performed an exemplary analysis. But this factor requires that we vacate and remand.

I.

This is an appeal in the Rite Aid Corporation securities litigation, filed under the Private...

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