Court Of Chancery Sets Fee Guidelines

Posted on April 29, 2011 by Edward M. McNally

In Re Sauer-Danfoss Inc. Shareholders Litigation, C.A. 5162-VCL (April 29, 2011, revised May 3, 2011)

This will probably be the definitive decision on how to set the attorneys' fees in representative litigation where the benefit to the company and its stockholders is additional disclosures.  Not only does the decision explain how the Court will approach that issue, but it also contains a detailed table of fee awards in prior cases to serve as a guideline.

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