Nearly seven months after Chancellor Andre G. Bouchard's landmark decision in In re Trulia Stockholder Litigation, the Delaware Court of Chancery last week produced its clearest ruling yet concerning a plaintiff's application for mootness fees in the context of a disclosure-only settlement.
August 10, 2016 at 06:24 AM
1 minute read
Nearly seven months after Chancellor Andre G. Bouchard’s landmark decision in In re Trulia Stockholder Litigation, the Delaware Court of Chancery last week produced its clearest ruling yet concerning a plaintiff’s application for mootness fees in the context of a disclosure-only settlement.
The result was a reduction in fees for the attorneys who litigated shareholder claims in last year’s PayPal-Xoom merger from a requested $275,000 to just $50,000.
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