Schlesinger v. Councilman

How later courts describe this case

• holding that the district court had the power to adopt a rule establishing a guideline schedule of fees in personal injury actions for seamen
• calculating net equity according to claimants' initial investment in Ponzi scheme and offsetting that number by any phony interest payments received
• affirming refusal to treat individual claims as part of a class action in a proceeding under old Bankruptcy Act and Securities Investor Protection Act of 1970, 15 U.S.C.A. Secs. 78aaa et seq.
• “The district courts’ supervisory jurisdiction over contingent fee contracts for services rendered in cases before them is well-established.”
• an inherent power to set counsel fees in cases involving persons of presumed incapacity
• federal court has supervisory jurisdiction to redetermine contingent fees in admiralty cases
• decision under Securities Investor Protection Act