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McLENDON v. CONTINENTAL GROUP, INC.

Civ. Nos. 83-1340 (SA) (HLS), 89-4009 (HLS) and 89-4066 (HLS).

872 F.Supp. 142 (1994)

Cecil McLENDON, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants. Albert J. JAKUB, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants. Robert GAVALIK, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants.

United States District Court, D. New Jersey.

December 16, 1994.

Attorney(s) appearing for the Case

Roslyn Litman, Litman Litman Harris and Brown, P.C., Pittsburgh, PA.

John Jacobs, Plotkin & Jacobs, Ltd., Chicago, IL.

Altshuler, Berzon, Nussbaum, Berzon & Rubin, San Francisco, CA.

Prof. George L. Priest, Sp. Master, Yale Law School, New Haven, CT.

AMENDED OPINION

SAROKIN, Circuit Judge.1

Introduction

In matters in which the court is permitted by statute to award attorneys' fees, the amount of the award must serve varied and multiple purposes. Counsel who have served and succeeded should be reasonably compensated. The award should serve to induce and encourage other counsel to undertake similar cases. The unsuccessful party should be required to pay such fees...

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