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: Delaware Business Litigation ReportCourt of Chancery Awards Fees Based on Intangible Benefit
By Morris James LLP
In re Yahoo! Shareholders Litigation, C.A. 3561-CC (Del. Ch. Mar. 6, 2009)
This is another in a line of cases where substantial attorney fees ($8,400,000) are awarded to a stockholder whose complaint achieves an intangible benefit for the corporation. Here the benefit was the end of Yahoo's employee severance plan that made it harder to sell Yahoo.
Full post as published by Delaware Business Litigation Report on March 06, 2009 (boomark / email).
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