Vice Chancellor Sam Glasscock III. Courtesy photo. Court Finds $75M Contingency Fee for Cravath Is Reasonable
Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery found Cravath is entitled to 15% of the $410 million its client, The Williams Companies Inc., was awarded last year in a case over a busted deal.
August 26, 2022 at 02:43 PM
3 minute read
Cravath, Swaine & Moore attorneys are entitled to a nearly $75 million shifted contingency fee, Vice Chancellor Sam Glasscock III decided Thursday.
Glasscock found Cravath is entitled to 15% of the $410 million its client, The Williams Companies Inc., was awarded last year in a case over a busted deal. He also decided that prejudgment interest should be compounded quarterly and not tolled. Morris, Nichols, Arsht & Tunnell also represented Williams throughout the case.
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