IN RE WASHINGTON PUBLIC POWER SUPPLY SYS. SEC. LIT.
| Decision Date | 16 November 1990 |
| Docket Number | MDL No. 551. |
| Citation | 779 F. Supp. 1063 |
| Parties | In re WASHINGTON PUBLIC POWER SUPPLY SYSTEM SECURITIES LITIGATION. |
| Court | U.S. District Court — District of Arizona |
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Paul M. Bernstein, Chairperson, Bernstein, Litowitz, Berger & Grossmann, New York City, for plaintiff Henry Puchall.
Melvyn I. Weiss, Milberg, Weiss, Bershad, Specthrie & Lerach, New York City, for plaintiff Joseph Harris.
Michael J. Meehan, Molloy, Jones & Donahue, P.C., Tucson, Ariz., for class plaintiffs.
Richard W. Clary, Cravath, Swaine & Moore, New York City, Michael Mines, Exofficio, Betts, Patterson & Mines, Seattle, Wash., H. Michael Clyde, Brown & Bain, Phoenix, Ariz., Harold R. Tyler, Jr., Patterson, Belknap, Webb & Tyler, New York City, for plaintiff Chemical Bank.
James R. Irwin, Shidler, McBroom, Gates & Lucas, Seattle, Wash., for plaintiff Frankel Estate.
James J. Hagan, Simpson Thacher & Bartlett, New York City, liaison counsel, for East Coast defendants.
Cyrus Noe, Clearing-Up, Seattle, Wash., for Clearing Up.
Michael E. Kipling, Graham & Dunn, Seattle, Wash., for various class plaintiffs.
Allan K. Peckel, New York City, for plaintiffs David Gold and Marvin Frankel.
Jay Robert Stiefel, Berger & Montague, P.C., Philadelphia, Pa., for plaintiff Rosalyn Mirotznik.
Klari Neuwelt, Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff Morris Massry.
Lawrence A. Sucharow, Goodkind, Labaton & Rudoff, Robert Schachter, Zwerling, Schachter & Zwerling, New York City, for plaintiff Paul J. Bonseigneur.
Gerald Rodos, Barrack, Rodos & Bacine, Philadelphia, Pa., for plaintiff Dr. Howard Sheldon.
Samuel P. Sporn, Schoengold & Sporn, P.C., New York City, for plaintiff Jack Schroeder.
Paul F. Bennett, David B. Gold, P.C., San Francisco, Cal., Stephen P. Hoffman, Pomerantz, Levy, Haudek, Block & Grossman, New York City, for plaintiff Leonard Laub.
Bruce K. Cohen, Meredith & Cohen, P.C., Philadelphia, Pa., for plaintiff Louis Brazen and 776 Broadway.
Daniel W. Krasner, Wolf, Haldenstein, Alder, Freeman & Herz, New York City, for plaintiff-intervenor Schein.
Harvey Greenfield, Irving Malchman, Kaufman, Malchman, Kaufmann & Kirby, New York City, for plaintiff Bryna Stepak.
Barry F. Schwartz, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for plaintiff Danny S. Fruchter.
Jules Brody, Stull, Stull & Brody, New York City, for plaintiff Lawrence Zucker.
Jack L. Block, Sachnoff, Weaver & Rubenstein, Ltd., Chicago, Ill., for Martin Woolin.
Guido Saveri, Saveri & Saveri, San Francisco, Cal., Jeremiah F. Hallisey, Hallisey & Johnson, P.C., San Francisco, Cal., for plaintiff the Doctors Company.
Michael B. Hyman, Much, Shelist, Freed, Denenberg Ament & Eiger, P.C., Chicago, Ill., for plaintiff Ruth C. Sigmund, Trustee of Arthur W. Sigmund Residuary Trust and the Arthur W. Sigmund Marital Trust.
Albert R. Malanca, Donald S. Cohen, Kenneth G. Kieffer, Gordon, Thomas, Honeywell, Malanca, Peterson & Daheim, Tacoma, Wash., and Seattle, Wash., lead counsel for Washington Public Utilities Group, certain individual defendants and liaison counsel for West Coast defendants.
Edwin J. Wheeler, Wheeler & Huss, Tacoma, Wash., for Town of Steilacoom, Wash.
James P. McNally, Ione, Wash., for Pend Oreille.
Richard A. Nelle, Blaine, Wash., for City of Blaine, Wash.
Jacob L. Smith, Smith & Rosellini, Lynden, Wash., for City of Sumas, Wash.
Julian C. Dewell, Anderson Hunter, Everett, Wash., for Orcas Power & Light Co.
David F. Jurca, Linda Cochran, Helsell, Fetterman, Martin, Todd & Hokanson, Seattle, Wash., for Columbia defendants and certain individual defendants.
R.L. Marceau, Marceau, Karnopp, Peterson, Noteboom & Hubel, Bend, Or., for Cent. Elec. Co-op., Inc.
Dennis K. Bromley, Robert Gordon, Pauline O. Fox, Pillsbury, Madison & Sutro, San Francisco, Cal., for Snohomish Group.
Robert D. Stewart, David J. Lenci, Culp, Guterson & Grader, Seattle, Wash., Daniel R. Murdock, James L. Stengel, Donovan, Leisure, Newton & Irvine, New York City, for Washington Public Power Supply System.
Ralph K. Nickerson, Goldendale, Wash., for Public Utilities Dist. # 1 of Klickitat County, Wash.
Rockne Gill, J. Laurence Cable, Bernard Ryan, Schwabe, Williamson & Wyatt, Portland, Or., Larry S. Gangnes, John Tomlinson, Paul Swanson, Lane, Powell, Spears & Lubersky, Seattle, Wash., for Oregon Public Entities and certain individual defendants.
R. Erick Johnson, P. Daniel Lindahl, Ronald E. Bailey, Bullivant, Houser, Bailey, Pendergrass & Hoffman, Portland, Or., for City of McMinnville, Or., City of Drain, Or. and Alan H. Jones.
Peter R. Mersereau, Rankin, VavRosky, Doherty, MacColl & Mersereau, Portland, Or., for City of Springfield, Or., City of Milton-Freewater, Or., Steve Loveland and J.R. Criswell.
Dwight A. Halstead, Prosser, Wash., for Benton Rural Elec. Ass'n.
Everett B. Clary, Gwen Whitson, O'Molveny & Myers, Los Angeles, Cal., for Certain Washington Public Power Supply System Director defendants.
G. Edward Fitzgerald, Gibson, Dunn & Crutcher, Los Angeles, Cal., Michelle Coyle, Gibson, Dunn & Crutcher, Seattle, Wash., for certain Participants' Committee member defendants.
John D. Lowery, Thomas Burt, Thomas Hamerlinck, David Brenner, Riddell, Williams, Bullitt & Walkinshaw, Seattle, Wash., for Small Utilities Group.
Herbert Gelman, Gelman, Courture & Pate, Tacoma, Wash., for Alder Mut. Light Co.
Malcolm S. Harris, Jack Orr, Michael Charneski, Harris, Orr & Wakayama, Seattle, Wash., for member non-participants and Public Utility District No. 1 of Ferry County, Wash., Public Utility District No. 1 of Kittitas County, Wash., Roger Sparks, Richard Windsor, Clair Hildebrandt, William Kuehne and Harold Jenkins.
Camden M. Hall, Stellman Keehnel, Foster, Pepper & Shefelman, Seattle, Wash., for member non-participants and City of Seattle, Wash.
David B. Hatton, Civil Div., U.S. Dept. of Justice, Portland, Or., J. Christopher Kohn, Director, Commercial Litigation Branch, U.S. Dept. of Justice, Washington, D.C., for U.S., Bonneville Power Adm.
Steven J. Palmer, Leavy, Schultz & Sweeney, Pasco, Wash., for Frankin County PUD No. 1.
Bennet A. McConaughy, Foster, Pepper & Shefelman, Seattle, Wash., for City of Richland.
David A. Bennett, David Robbins, Bennett & Bigelow, Seattle, Wash., for Law Firm defendants.
Irwin J. Sugarman, Robert Abrahams, Schulte, Roth & Zabel, New York City, and Chris Robert Youtz, Sirianni & Youtz, Seattle, Wash., for Houghton, Cluck, Coughlin & Riley.
Otto G. Klein, Peter Danelo, Heller, Ehrman, White & McAuliffe, Seattle, Wash., for United Engineers & Constructors, Inc., Ebasco Services Inc. and R.W. Beck and Associates.
Ralph G. Wellington, Schnader, Harrison, Segal & Lewis, John F. Kruger, Karr Tuttle Campbell, Seattle, Wash., for United Engineers & Contractors, Inc.
Peter J. Nickles, Covington & Burling, Washington, D.C., for Ebasco Services Inc.
Roy J. Moceri, Steve Todd, Reed, McClure, Moceri, Thonn & Moriarty, Seattle, Wash., for R.W. Beck & Associates.
James J. Hagan, Simpson Thacher & Bartlett, New York City, Jerry B. Edmonds, Margaret A. Sundberg, Williams, Kastner & Gibbs, Seattle, Wash., Thomas Chandler, Dan Cavett, Chandler, Tullar, Udall & Redhair, Tucson, Ariz., for Blyth Eastman Paine Webber Inc.
Herbert M. Wachtell, Peter C. Hein, Wachtell, Lipton, Rosen & Katz, New York City, for Merrill Lynch Pierce Fenner & Smith, Inc., Salomon Brothers, Inc., Smith Barney Harris Upham & Co., Inc. and Prudential-Bache Securities, Inc.
Philip C. Potter, Jr., Davis Polk & Wardwell, New York City, for Smith Barney Harris Upham & Co., Inc.
Leonard Joseph, Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for Prudential-Bache Securities, Inc.
Richard A. Cirillo, Rogers & Wells, New York City, for Merrill Lynch.
Ronald E. McKinstry, Bogle & Gates, Seattle, Wash., for Underwriter defendants.
P.B. Konrad Knake, White & Case, New York City, for Rating Agency defendants with William M. Dallas, Jr. and for Moody's Investors Service, Inc.
William M. Dallas, Jr., Sullivan & Cromwell, New York City, for Rating Agency defendants with P.B. Konrad Knake, and for Standard & Poor's Corp.
This Order addresses the petitions of plaintiffs' counsel for attorneys' fees and expenses in this action. Initial fee petitions were filed in early 1989 prior to hearings held on April 11 and 12, 1989, in the United States District Court in Seattle, Washington, concerning the fairness, reasonableness and adequacy of settlements reached in this massive multi-district securities litigation. See Notice of Settlements and Settlement Hearings and Class Certification at 12, February 6, 1989. On September 5, 1989, in an opinion that recounted the history of this litigation, the Court approved the settlements that were the subject of the April 1989 hearings.1In re Washington Public Power Supply System Secur. Litigation, 720 F.Supp. 1379 (D.Ariz.1989). The Court reserved jurisdiction over the attorneys' fee petitions and over matters concerning the allocation and distribution of settlement proceeds among various claimants to the settlement funds. On July 24, 1990, after notice to all Class members and known bondholders, and after extensive briefing, a hearing was held in New York City concerning the allocation of settlement proceeds among claimants to the fund, other than these petitioning attorneys. The Court's decision regarding the allocation of settlement proceeds among and between Class members and Chemical Bank on behalf of the Bond Fund was rendered the following month.2 (Order dated August 15, 1990.)
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