Andrews Corporate Officers and Directors Liability Litigation Reporter
September 24, 2001
Settlement Issues (Attorneys' Fees)
Copyright (c) 2001 Andrews Publications
NO FEES FOR DERIVATIVE SUIT THAT DID NOT BENEFIT COMPANY, SAYS 3D CIR.
Zucker v. Westinghouse Elec. Corp.
Shareholder plaintiff attorneys who brought a derivative suit that did not confer any benefit on the defendant company did not deserve a fee award when that action was dropped as part of a settlement, a federal appeals court in Philadelphia has...