Recent class-action-related opinions from other Circuits

The Second, Fifth and Eleventh Circuits have issued some interesting class-action-related opinions in recent weeks:

• In In re: Nortel Networks Corp. Securities Litig., ___ F.3d ___ (2d Cir. Aug. 19, 2008), the Second Circuit affirmed an attorneys' fees award in a securities class action settlement.

• In Silvercreek Mgmt. Inc. v. Banc of America Securities LLC, ___ F.3d ___ (5th Cir. Jul. 7, 2008), the Fifth Circuit affirmed the trial court's approval of a class action settlement, holding that the objectors' objections were properly overruled and that others had failed to timely opt out. [Via Blawgletter.]

• In Kenny A. v. Perdue, ___ F.3d ___ (11th Cir. Jul. 3, 2008), the Eleventh Circuit addressed the concept of "extraordinary results" for purposes of a fee multiplier. [Via How Appealing.]