Lewis v. Anderson

692 F.2d 1267 Fed. Sec. L. Rep. P 99,003, 3 Employee Benefits Ca 2509 Harry LEWIS and Sylvia Baker, Plaintiffs-Appellees/Cross-Appellants, v. William H. ANDERSON, Walt Disney Productions, Defendants-Appellants/Cross-Appellees. Nos. 81-5693, 81-5735. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 8, 1982. Decided Nov. 22, 1982. Seth M. Hufstedler, Hufstedler, Miller, Carlson & Beardsley, Los Angeles, Cal., for Walt Disney. Bertram Bronzaft, New York City, argued, for Baker; Ronald M. McQuoid, Murchison & Cumming, Los Angeles, Cal., Garwin, Bronzaft & Gerstein, New York City, on brief. Appeal from the United States District Court for the Central District of California. Before WRIGHT, TANG and SCHROEDER, Circuit Judges. TANG, Circuit Judge: 1 These appeals are from a district court order granting $110,552.73 in attorneys' fees and costs to plaintiff Lewis in a shareholder derivative and securities law class action. 2 The facts underlying this appeal are thoroughly detailed in the district court's opinion. Lewis v. Anderson, 509 F.Supp. 232, 234-35 (C.D.Cal.1981). In 1973 Disney adopted a stock option plan for key employees. In 1974, the Stock…