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IN RE IKON OFFICE SOLUTIONS LITIGATION, (E.D.Pa. 2000)
MARVIN KATZ, S.J.
AND NOW, this 9th day of May, 2000, upon consideration of all information and argument submitted with respect to the petition of derivative plaintiffs counsel for an award of fees for services rendered and reimbursement of expenses incurred in prosecuting the above captioned derivative action (including the affidavit of Jerold Hoffman, counsel for derivative plaintiff, included in the Compendium of Time and Expense Affidavits in Support of Application for an Award of Attorney's Fees and reimbursement of Expenses, which counsel filed in the above-captioned Class Action), and following notice to the shareholders of IKON Office Solutions, Inc., and a hearing held on April 11, 2000, it is hereby ORDERED that the petition is GRANTED as follows:
(1) Derivative plaintiffs counsel shall be paid fees and expenses from such fees and expenses as are awarded by the court in the above-captioned Class Action.
(2) Derivative plaintiff shall not receive any award of fees and expenses from defendants or from the nominal defendant in the derivative action except for the payment described in the preceding paragraph.
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