Attorneys Fees in Derivative Case
The Delaware Supreme Court affirmed a Chancery Court decision that awarded only about 20% of the amount requested for attorneys' fees in a derivative case, despite a settlement agreement that allowed for payment of $1.2 million. The decision decribes the factors considered by the court in approving fees, regardless of the agreement of the parties on a specific amount of fees. O'Malley, et al. v. Jeffries, et al.,download file.
