IN RE STERICYCLE SECURITIES LITIGATION

No. 20-2055.

35 F.4th 555 (2022)

IN RE: STERICYCLE SECURITIES LITIGATION. St. Lucie County Fire District Firefighters' Pension Trust Fund, et al., Plaintiffs-Appellees, v. Stericycle, Inc., et al., Defendants. Appeal of: Mark Petri, Objector-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided May 18, 2022.


Attorney(s) appearing for the Case

Avi Josefson , Attorney, Bernstein, Litowitz, Berger & Grossmann, Chicago, IL, for Plaintiffs-Appellees St. Lucie County Fire District Firefighters' Pension Trust Fund, Boynton Beach Firefighters Pension Fund.

Patrick V. Dahlstrom , Attorney, Pomerantz LLP, Chicago, IL, for Plaintiff-Appellee St. Paul Teachers' Retirement Fund Association.

John Browne , Attorney, Julia Tebor , Adam H. Wierzbowski , Attorney, Bernstein, Litowitz, Berger & Grossmann, New York, NY, for Plaintiffs-Appellees Public Employees Retirement System of Mississippi, Arkansas Teacher Retirement System.

Michael Frank Bednarz , Attorney, Hamilton Lincoln Law Institute, Chicago, IL, Theodore H. Frank , Attorney, Hamilton Lincoln Law Institute, Washington, DC, for Appellant.

James P. Smith, III , Winston & Strawn LLP, New York, NY, for Defendants Goldman Sachs & Company, Incorporated, J.P. Morgan Securities, LLC, Merill Lynch, Pierce, Fenner & Smith.

Michael J. Faris , Attorney, Latham & Watkins LLP, Chicago, IL, for Defendants Charles A. Alutto, Stericycle, Incorporated.

Before Easterbrook, Kanne, and Hamilton, Circuit Judges.


This appeal challenges an attorney fee award of 25 percent of a class-action settlement in this securities fraud case. Class member Mark Petri objected to the award and asked the district court to permit discovery into potential "pay-to-play" arrangements between class counsel and one of the public pension funds serving...

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