The plaintiff noted the substantial benefits of the reforms, which included the creation of a new audit committee and an independent director position to sit on the board.
August 16, 2024 at 03:06 PM
4 minute read
The original version of this story was published on Law.com
A federal judge this week awarded plaintiff’s counsel $1 million after having approved a shareholder derivative settlement against a renewable energy company’s board of directors and executives this month.
On Wednesday, U.S. District Judge Nathaniel M. Gorton of the District of Massachusetts made the award to Thomas J. McKenna of the New York-based firm Gainey McKenna & Egleston and local attorney Michael P. Utke.
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