Andrews Corporate Officers and Directors Liability Litigation Reporter
October 22, 2001
Attorneys' Fees (Corporate Benefit)
Copyright (c) 2001 Andrews Publications
COURT SLASHES FEE AWARD FOR CITRIX STOCK OPTION CHALLENGE
Louisiana State Employees Retirement Sys. v. Citrix Sys.
In the latest Delaware state court ruling to scrutinize attorneys' fee awards in shareholder “corporate benefit” cases, Chancellor William Chandler has slashed 86 percent of the proposed $2 million fee for plaintiff attorneys who claimed that Citrix...