Dell Shareholders' Attorneys Awarded $266.7 Million in Fees in Wake of $1 Billion Settlement


Attorneys representing shareholders who recently reached a $1 billion cash settlement with Dell in a post-closing merger case can take 26.7% of that fund for themselves, Vice Chancellor J. Travis Laster has ruled.

Rejecting argument from objectors and law professors that a declining percentage method like the one used in federal securities litigation should be used to award around 15%, Laster decided the award should be lower than the 28.5% attorneys had requested based on precedent in Sugarland and Americas Mining. 

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