(June 2, 2022, 2:11 PM EDT) -- CHICAGO — A federal district court abused its discretion in awarding class counsel a 25% attorney fee award as part of a securities class action settlement between investors and a waste management company, certain of its current and former senior executives and members of its board of directors and underwriters of the company’s public stock offering because the district court failed to conduct the necessary analysis prior to granting the award, a Seventh Circuit U.S. Court of Appeals panel ruled May 18 in affirming in part and reversing in part....