District Court, S.D. New York November 19, 2007, 05 Civ. 7569(PKC) (Silberblatt v. Morgan Stanley)

MEMORANDUM AND ORDER

P. KEVIN CASTEL, District Judge.

This is an application for final approval of a settlement of the claims of a certified class. In this context, plaintiff’s counsel seeks an award of attorneys’ fees on a percentage basis, valuing the recovery at $4,355,000, of which $2,855,000 is referred to as “Remedial Consideration.