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IN RE WARNER COMMUNICATIONS SECURITIES LITIGATION

No. 82 Civ. 8288 (JFK).

618 F.Supp. 735 (1985)

In re WARNER COMMUNICATIONS SECURITIES LITIGATION. This Document Relates to All Actions.

United States District Court, S.D. New York.

August 20, 1985.

Attorney(s) appearing for the Case

Wolf Haldenstein Adler Freeman & Herz by Daniel W. Krasner, Fred T. Isquith and Milberg, Weiss, Bershad, Specthrie & Lerach by Melvyn I. Weiss, Jerome M. Congress, New York City, Berger & Montague, P.C. by Sherrie R. Savett, Stephen A. Whinston, Philadelphia, Pa., for plaintiffs.

Paul, Weiss, Rifkind, Wharton & Garrison by Arthur L. Liman, Leslie Gordon Fagen, C. William Phillips, New York City, for Corporate defendants Warner Communications, Inc. and Atari, Inc.

Skadden, Arps, Slate, Meagher & Flom by Barry H. Garfinkel, Timothy A. Nelsen, Jeremy A. Berman, Daniel F. DeVita, New York City, for individual defendants.

Elliott J. Weiss, New York City, for objector Stephen J. Gross.

OPINION and ORDER

KEENAN, District Judge:

The parties to this action seek an order, pursuant to Rule 23(e) of the Federal Rules of Civil Procedure ("FRCP"), approving their proposed settlement of this class action. In addition, plaintiffs' counsel have applied for an order awarding them attorneys' fees for services rendered and reimbursement of expenses. For the reasons stated below, the Court approves the proposed settlement and grants plaintiffs' counsels...

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