Opinion
Case No: 05-74730.
December 27, 2007
CLASS ACTION
ORDER
Having considered the Plaintiff Class Representatives' Supplemental Brief in Support of their Motion for Attorneys' Fees and Expenses,
Having considered Magistrate Judge Virginia Morgan's Report and Recommendation Granting Motion for Attorneys' Fees and Expenses (Docket #953), and
Having noted that there is no Objection to Magistrate Judge Virginia Morgan's Report and Recommendation (Docket #954)
It is hereby ORDERED
1. Magistrate Judge Virginia Morgan's Report and Recommendation Granting Motion for Attorneys' Fees and Expenses is ADOPTED.
2. Class counsel are entitled to fees and nontaxable costs pursuant to ERISA for their work since July 31, 2006.
3. The hourly rates they seek are reasonable — $450/hr. for William T. Payne, John Stember and Edward J. Feinstein; $375/hr for Pamina Ewing and Stephen M. Pincus; $100/hr. for law clerks; and $90/hr. for paralegals.
4. Class Counsel are awarded $62,650.00 as reasonable attorneys' fees and are also awarded $1,075.60 in costs (for a total of $63,725.60).
5. This Court also retains jurisdiction over any additional fee petitions in otherwise obtaining or defending the judgment.
So Ordered,