Vice Chancellor Stephen Lamb approved Smurfit-Stone Container Corp.’s settlement of shareholders’ lawsuits over the $5.8 billion acquisition that created the U.S.’s fourth-largest paper company last year, but slashed $550,000 out of the fee shareholder’s lawyers were slated to get as part of the settlement.
The companies had agreed to pay $650,000 to cover shareholders’ legal fees and expenses in bringing the case.
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