{"id":2255,"date":"2024-08-15T19:23:56","date_gmt":"2024-08-15T19:23:56","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/upholding-266-7m-fee-award-del-supreme-court-rejects-diminishing-returns-curb-on-bigger-wins\/"},"modified":"2024-08-15T19:23:56","modified_gmt":"2024-08-15T19:23:56","slug":"upholding-266-7m-fee-award-del-supreme-court-rejects-diminishing-returns-curb-on-bigger-wins","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/upholding-266-7m-fee-award-del-supreme-court-rejects-diminishing-returns-curb-on-bigger-wins\/","title":{"rendered":"Upholding $266.7M Fee Award, Del. Supreme Court Rejects Diminishing-Returns Curb on Bigger Wins"},"content":{"rendered":"\n<div>\n<p>The Delaware Supreme Court on Wednesday upheld a $266.7 million fee award for counsel representing Dell shareholders, determining the Court of Chancery didn\u2019t abuse its discretion by not ordering a proportionately lower payout on a $1 billion settlement.<\/p>\n<p>The\u00a0<a href=\"https:\/\/courts.delaware.gov\/Opinions\/Download.aspx?id=368080\" rel=\"nofollow noopener\" target=\"_blank\">opinion<\/a>, authored by Chief Justice Collins J. Seitz Jr., states Delaware precedent doesn\u2019t support\u00a0requiring a declining percentage fee model\u00a0like the one used in federal courts to calculate fees awarded in securities litigation, noting the court has historically declined to make binding rules about fee awards.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Delaware Supreme Court on Wednesday upheld a $266.7 million fee award for counsel representing Dell shareholders, determining the Court of Chancery didn\u2019t abuse its discretion by not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2978,1202,2982,143,2981,2979,2980,717,697,533,2977,882],"class_list":["post-2255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-266-7m","tag-award","tag-bigger","tag-court","tag-curb","tag-del","tag-diminishingreturns","tag-fee","tag-rejects","tag-supreme","tag-upholding","tag-wins"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2255"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/2256"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}