Delaware Business Litigation Report

Supreme Court Upholds Denial Of fees

Alaska Electrical Pension Fund v. Brown, C.A. 240, 2009 (January 14, 2010)

This decision upholds the unremarkable proposition that a class member whose attorneys do not contribute to an increase in merger consideration do not deserve a fee award. The case is interesting because it reflects an unusual clash among plaintiffs' attorneys over who did what to get the price increased and a company's successful defeat of a fee petition.

Share