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Court Of Chancery Explains Selection Of Lead Counsel

Posted In Class Actions

In re Del Monte Foods Company Shareholders Litigation, C.A. 6027-VCL (December 31, 2010)

This decision applies the so-called Hirt factors to select lead counsel and the lead plaintiff in class action litigation.  The size of the proposed lead plaintiff's stake in the company and the experience of its proposed lead counsel are given the greatest weight.

The care and expedition given to this decision are particularly noteworthy.

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