Chancery Examines Details of Affidavit Supporting Amount of Fees Awarded

Preferred Investments, Inc. v. T&H Bail Bonds, et al., C.A. No. 5886-VCP (Del. Ch. Mar. 28, 2014).

Issue Addressed: The court awarded fees in a prior decision in this case and this letter ruling reviewed objections to the time entries and other aspects of the amount of fees sought, as supported by an affidavit. The court noted the percentage of overall time charges that were recorded by paralegals and also considered factors applicable under Rule of Professional Conduct 1.5 for purposes of determining whether the amount of a fee is reasonable.

This ruling is useful reading for anyone who submits an affidavit in connection with an award of fees. The court’s analysis is helpful to guide lawyers on those aspects of legal bills, supported by an affidavit, the court will focus on.