Litigation

Order Appointing Lead Counsel Reconsidered

By Francis G. X. Pileggi, Esq.

In the case of In Re BEA Systems, Inc. Shareholder Litigation, (Del. Ch., Jan. 4, 2008), read letter decision here, the Chancery Court vacated a prior order appointing lead counsel, which order also had consolidated several class actions. The prior order was based on the court's understanding that the parties' counsel had agreed on who the lead would be. Later developments made those facts appear premature. The court ordered counsel to confer and attempt to reach an agreement, but failing that, the court would review the relevant factors and determine the matter itself.

Full post as published by Delaware Corporate and Commercial Litigation Blog on January 14, 2008 (boomark / email).