responsible for supervising the administration of the settlement. Because the allocation plan appears fair and reasonable, the Court approves the allocation plan. D. Attorneys’ Fees Counsel request a fee of 33]é% of the $26,485,893.70 settlement. This amounts to the sum of $8,828,543. The Second Circuit has stated that attorneys who create a “common fund” are entitled to “a reasonable fee— set by the court — to be taken from the fund.” Goldberger v. Integrated Resources, Inc., 209 F.3d 43, 47 (2d Cir.2000). The determination of “reasonableness” is within the discretion of the district court. Id. There are two methods by which the district court may calculate reasonable attorneys’ fees in class action cases, the lodestar method and the percentage method. See Goldberger, 209 F.3d at 50 (<HOLDING>). Under the lodestar method, the district court
holding that the percentage of minority faculty need not approximate the percentage of minority students holding that both the lodestar and the percentage of the fund methods are permitted holding that the court has discretion to double check the reasonableness of the percentage fee through a lodestar calculation holding that a fee substantially less than the lodestar amount is permissible recognizing the lodestar may provide a useful perspective on the reasonableness of a given percentage award