id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-3043	Tuxbury, James L.	A Case for Competitive Bidding for Lead Counsel in Securities Class Actions	2003	56	.pdf	application/pdf	17518	759	56	From an examination of three class action samples, this note will show that the market for plaintiffs counsel in securities class actions is very concentrated, the percentage recovery of attorneys' fees is systematically lower in competitive bidding cases, and that if current lead counsel selection arrangements are maintained in ideal cases, the lead counsel will receive an excessive risk premium. The range of percentage recovery of total settlements for competitive bidding cases is from 5.7% to 117 See Third Circuit Task Force Report, supra note 8, at 40-41.	cache/cblr-3043.pdf	txt/cblr-3043.txt