Delaware Supreme Court Chief Justice Collins J. "C.J." Seitz Jr. Courtesy photo. Upholding $266.7M Fee Award, Del. Supreme Court Rejects Diminishing-Returns Curb on Bigger Wins
The opinion by Chief Justice Collins J. Seitz Jr. states Delaware precedent doesn't support requiring a declining percentage fee model like the one used in federal courts.
August 15, 2024 at 03:19 PM
4 minute read
Corporate Governance
The Delaware Supreme Court on Wednesday upheld a $266.7 million fee award for counsel representing Dell shareholders, determining the Court of Chancery didn't abuse its discretion by not ordering a proportionately lower payout on a $1 billion settlement.
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