Posted on October 31, 2009 by Francis G.X. Pileggi

Court of Chancery Explains Policy Reasons For Selection of Lead Counsel in Class Action; Rejects Motion to Reconsider

Dutiel v. Tween Brands, Inc., No. 4743-CC and No. 484-CC (Oct. 28, 2009), read letter decision here. Read prior Chancery Court decision in this case highlighted on this blog here. In this most recent ruling, the Chancellor denied a motion for reconsideration of the Court's selection of lead counsel in... Continue Reading...
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Posted on May 31, 2009 by Francis G.X. Pileggi

Chancery Court Compensates Lead Plaintiff in Class Action Against Boston University

Oliver v. Boston University, No. 16570-VCN (Del. Ch., May 29, 2009), read letter decision here. Prior opinions in this case by the Chancery Court were summarized here on this blog. This latest decision addresses a few open issues after the approval of a class action settlement. Issues Addressed and Decided... Continue Reading...
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Posted on May 26, 2009 by Francis G.X. Pileggi

Chancery Court Splits Fees in Cablevision Class Action Between Lawyers for Related New York Suit and Delaware Counsel

In Re Cablevision/Rainbow Media Group Tracking Stock Litigation, No. 19819-VCN (May 22, 2009), read opinion here. This Chancery Court decision resolved a dispute regarding the amount of fees and the division of fees between class counsel in a Delaware shareholders’ suit that challenged the exchange by Cablevision Systems Corporation of... Continue Reading...
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Posted on April 6, 2009 by Francis G.X. Pileggi

Chancery Court Denies Fee Application Again on Remand; Finds Presumption Rebutted that Fee Petitioner Was Cause of Increase in Tender Price

In re William Lyon Homes Shareholder Litigation Consolidated, C.A. No. 2015-VCN (April2, 2009), read letter decision here. See prior Delaware decisions in this case here and here. Kevin Brady, a highly respected Delaware litigator, provides us with this case summary. On April 2, 2009, Vice Chancellor Noble denied for the... Continue Reading...
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Posted on January 8, 2009 by Francis G.X. Pileggi

Chancery Approves Class Action Settlement of Claims Of Inadequate Disclosure in Tender Offer

MARIE RAYMOND REVOCABLE TRUST v. MAT FIVE LLC, (Del. Ch., Dec. 19, 2008), read opinion here. The Chancery Court in this 39-page decision approved a class action settlement regarding claims of inadequate disclosure in a tender offer. Included in the opinion is the court's exercise of its own business judgment... Continue Reading...
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