Delaware Business Litigation Report

Court Of Chancery Awards Large Fees In Intangible Benefit CAse

San Antonio Fire & Police Pension Fund v. Bradbury, C.A. 4446-VCN (October 28, 2010)

For all the occasional griping the plaintiffs' bar does over how it is sometimes treated in the Court of Chancery,  this is a good example that a large fee award may be justly  earned.  The decision is particularly interesting in that the benefit conferred was intangible, a fact that usually has led to smaller awards.  Here the benefit was to enhance or preserve voting rights, a sacred right under Delaware corporate law.

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