Court of Chancery Awards Fees of 27.5%

Posted on June 25, 2009 by Edward M. McNally

In re TD Banknorth Shareholders Litigation, C.A. 2557-VCL (June 25, 2009)

In this order, the Court awarded 27.5% of the class recovery of $964,086 to class counsel. This illustrates that sometimes, the smaller the pie, the larger the slice for class counsel. Even when the recovery is not large, the work involved is often the same as in a larger case.

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