On May 15, 1989, having settled this class action for $45 million, the lawyers for the class submitted their petition for fees and expenses to Judge Grady. The total amount requested was $9 million. After considering the petition for more than a year, the judge awarded approximately one half the amount requested. The lawyers appealed, and in April 1992 we reversed, finding a number of errors in the judge’s fee order.
In re Continental Illinois Securities Litigation,
Taking up this suggestion, the lawyers for the class submitted to the district judge a mass of affidavits concerning contingent fees charged in comparable multimillion dollar commercial suits in which, however, unlike the situation here, there was a negotiated fee between lawyer and client. These affidavits appear to establish that the 20 percent fee that the lawyers for the class are seeking in this case is at the low end of the range found in the market. Without commenting on this evidence the judge on December 1, 1992, more than eight months after our decision, issued a brief order in which he said that he would base the fee award on “the ‘sampling’ technique approved in
Evans v. City of Evanston,
The order of December 1 precipitated this petition for mandamus. The petition
One of the less controversial functions of mandamus is to assure that a lower court complies with the spirit as well as the letter of the mandate issued to that court by a higher court.
Will v. United States,
The only suggestion that we made for disposing of this fee case was that the judge consider the market experience with litigation of this kind. The lawyers accordingly submitted affidavits summarizing and documenting that experience. Judge Grady failed even to mention this evidence, let alone offer any ground for rejecting it in favor of restarting the fee inquiry, almost four years after it began, from scratch.
Judicial mandates must be obeyed, and litigation must have an end. In order to assure compliance with our mandate and a speedy end to this satellite litigation over attorneys’ fees we vacate the judge’s order of December 1 and direct him to issue within 30 days of today an order setting forth a procedure and timetable for resolving this matter by the entry of a final fee award within 120 days of today.
So Ordered.
