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: Delaware Business Litigation ReportCourt Of Chancery Summarizes Past Fee Awards
By Edward M. McNally
In Re Emerson Radio Shareholder Derivative Litigation, C.A. 3392-VCL (March 28, 2011)
Delaware lawyers are often asked to estimate what the Court of Chancery will award in fees following settlement or trial of a derivative action. Well this decision summarizes those fee awards:
10 - 15% for a fast settlement
15 - 25% for contesting motions and other pretrial work that leads to a settlement
25 - 33% for winning after trial
All these percentages apply to monetary settlements, but the Court also explains how to determine fees in cases invovling non-monetary settlements.
Full post as published by Delaware Business Litigation Report on March 28, 2011 (boomark / email).
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