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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Explains Recent Fee Award Ranges
This is an important decision for several reasons.
First, it explains the reasoning behind the percentages awarded in fees of the recovery won by a successful plaintiff firm. Second, it instructs counsel on how to present their fee request, particularly with respect to the hours worked component. Finally, it sets out the criteria for a firm to share in the fee award for litigation elsewhere that may have contributed to the recovery.