Supreme Court Upholds Denial Of fees

Posted on January 14, 2010 by Edward M. McNally

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.

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