Andrews Corporate Officers and Directors Liability Litigation Reporter
January 14, 2002
Attorneys' Fees/Substantial Benefit Doctrine:
Copyright (c) 2002 Andrews Publications
FEE AWARD JUSTIFIED WHERE BENEFIT OUTWEIGHS SUIT COST, SAYS CALIF. APP. CT.
Randoll v. SupraLife Int'l
A California nutrition supplement company must pay $550,000 in fees to plaintiff attorneys who brought shareholder derivative charges against its officers and directors because the company will reap benefits that outweigh the amount it spent in...