Court Of Chancery Awards Large Fees In Intangible Benefit CAse
San Antonio Fire & Police Pension Fund v. Bradbury, C.A. 4446-VCN (October 28, 2010)
For all the occasional griping the plaintiffs' bar does over how it is sometimes treated in the Court of Chancery, this is a good example that a large fee award may be justly earned. The decision is particularly interesting in that the benefit conferred was intangible, a fact that usually has led to smaller awards. Here the benefit was to enhance or preserve voting rights, a sacred right under Delaware corporate law.
