In re Wells Fargo & Company Shareholder Derivative Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 IN RE WELLS FARGO & CO. Case No. 16-cv-05541-JST

SHAREHOLDER DERIVATIVE ORDER TO SHOW CAUSE RE:

LITIGATION APPOINTMENT OF EXPERT

WITNESS PURSUANT TO RULE OF

EVIDENCE 706

This Document Relates To:

ALL ACTIONS

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