In re Wells Fargo & Company Shareholder Derivative Litigation

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 IN RE WELLS FARGO & CO. Case No. 16-cv-05541-JST

8 SHAREHOLDER DERIVATIVE ORDER TO SHOW CAUSE RE:

LITIGATION APPOINTMENT OF EXPERT

9 WITNESS PURSUANT TO RULE OF

EVIDENCE 706

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11 This Document Relates To:

ALL ACTIONS

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13 14 Now before the Court are Plaintiffs’ motions for final approval of a derivative action 15 settlement, ECF No. 276, and for attorney’s fees and expenses, ECF No. 277. The attorney’s fees 16 submitted for approval include fees for “‘contract’/’discovery’ attorneys (i.e., attorneys who are 17 not full-time firm employees but rather were hired through an outside agency) . . . .” ECF No. 277 18 at 27-28. One of the questions the Court must answer in ruling on these motions is the appropriate 19 hourly rate the Court should assign to contract attorney services when calculating the Plaintiffs’ 20 counsel’s lodestar. 21 In class action litigation, a district court “may award reasonable attorney’s fees and 22 nontaxable costs…