In The News

In The News . . . . Delaware Enacts Law To Invalidate Stock Corporation Charter Provisions Attempting To Impose Fees Upon Stockholders In Corporate Governance Suits

In The News, Legislation

Exceptions Are Made For Nonstock Corporations And For Shareholder Agreements.      In our March 31 and June 12, 2014 posts, we discussed ATP Tour, Inc. v. Deutscher Tennis Bund, 91 A.3d 554 (Del. 2014), where the Delaware Supreme Court upheld as facially valid a bylaw imposing liability for certain legal fees of the nonstock corporation […]

In The News . . . . Judge Orrick Grants SLAPP Fee Recovery To Steve Wynn Opponent, Lateral Partner Shifts, 2014 U.S. Top Law Firm Revenues Shows Gap With Smaller Firms, Law School Admissions Down, And Postgraduate Law Firm Debt Soars Based On 2012-2013 St

Cases: Celebrities, In The News

  $390,149.63 In Fees/$32,231.23 In Costs Is SLAPP Recovery To Wynn Opponent.      After defendant James Chanos won a SLAPP motion against well-known resort developer Steve Wynn/Wynn Resorts, he moved to recoup $538,043 in attorney’s fees and $52,656.23 in costs. U.S. District Judge William H. Orrick of the Northern District of California allowed $390,149.63 in

In The News . . . . Northern California Judge Rules Ellen Pao Must Pay For $275,000 Of Reddit’s Fees/Expenses After Losing Jury Trial For Sexual Bias/Retaliation

In The News

  Reddit’s Attorneys Had Sought Close To $1 Million In Fees.     Reddit’s former CEO Ellen Pao lost a sexual bias/retaliation jury trial, with the Kleiner Perkins firm successfully defending then seeking reimbursement of nearly $1 million in fees/expenses.  Recently, San Francisco County Superior Court Harold Kahn awarded Reddit $275,000 in fees (most of which

In The News . . . . Delaware Chancellor Approved $72 Million Fee Award To Lead Counsel In Class/Derivative Settlement, E.D.N.Y. Magistrate Judge Slashes FLSA Fee Request By About 80%, And Bloggers Discuss Fee Trends In MDL Cases

In The News

  Activision Settlement Nets Lead Counsel 22.7-24.5% Of Common Benefit Fee Percentage.      In In re Activision Blizzard, Inc. Stockholder Litigation, Consolidated C.A. No. 8885-VCL (Del. Ch. Ct. May 21, 2015 revised), Delaware Chancellor Travis Laster approved a settlement, awarded fees to Lead Counsel, and awarded an incentive payment to Plaintiff from the fees in

In The News . . . . Norton Rose Fulbright’s May 15, 2015 Litigation Trends Annual Survey Shows Class Action, IP, And Regulatory Matters As Top Issues For Corporate Departments

In The News

  Class Actions Are Top Litigation Issue For U.S., Canada, and Australia Respondents, And Alternative Fee Arrangements Are Frequent.      On May 14, 2015, Norton Rose Fulbright released its “2015 Litigation Trends Annual Survey,” the ll1th one overall and extensively polling more than 800 corporate counsel representing a wide array of companies across 26 countries

In The News . . . . Water Replenishment District of So Cal Stunned By $5 Million Fee Bill In Pumping Rate Case And Recent Study Of 2003-2013 Patent Fee Awards Yields Some Interesting Results

In The News

      We thank our friends at National Association of Legal Fee Analysis (NALFA) for providing us a couple of recent posts of interest, which we summarize below. Big Firm $5 Million Bill In Pumping Rate Case Was A Surprise.     Based on a recent Los Angeles Times story entitled “Water District Found Itself Drowning

Class Actions, In The News . . . . Central District California District Judge Rejects Plaintiffs’ Counsel Request For Enhanced Fee Award In Kia/Hyundai Fuel Efficiency MDL Case

Cases: Class Actions, In The News

  $2.8 Million Fees Deemed Enough.      As recently reported in the media, a Central District of California district judge nixed class counsel’s request for an enhanced fee recovery in the KIA/Hyundai fuel efficiency MDL case. Instead, he awarded $2.8 million, but nixed a request for $6 million more on a multiplier basis.

Class Actions, In The News: Central District California District Judge Only Awards Class Counsel $11,000 Out Of Requested $1.9 Million In Fees

Cases: Class Actions, In The News

  Inflated Requests and Unnecessary Work Efforts Predominated, With District Judge Not Sure Defense Work Was Probative To Combat Unnecessary Plaintiff Work As Far As Gauging Reasonableness Of Plaintiffs’ Fee Request.     Although we are only going on media reports, U.S. District Judge George H. Wu of the Central District of California in Red, et

In The News . . . . Losing Plaintiff Ms. Pao Has A Decision To Make In Gender Discrimination Case Against Kleiner Venture Capital Firm – Drop Any Further Proceedings Or Face Close To $1 Million Fee/Costs Exposure

Cases: Section 998, In The News

  Case Illustrates the Potency of CCP § 998 Offer.      Lots of press coverage was had on Ms. Ellen Pao’s gender discrimination suit against venture capital firm Kleiner Perkins Caufield & Byers. She lost a jury verdict. However, that is hardly the end of the saga.      Apparently, much earlier, the defense had sent

In The News . . . . New York U.S. District Court Judge Awards Winning Plaintiff In Faruqi & Faruqi Sexual Harassment Suit Only About 16% Of Her Requested Attorney’s Fees And Costs

In The News

  All Faruqui’d Up? — Her $1.4 Million Request Dubbed “Patently Unreasonable.”      A lot of press was generated on the sexual harassment trial involving plaintiff Alexandra Marchuk against Faruqi & Faruqi, LLP, a securities boutique business. She eventually won a small verdict, and then moved to recover $1.4 million in attorney’s fees and costs.

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