Delaware Court Confirms $267 Million Fee in Dell Technologies Shareholder Lawsuit
Delaware Supreme Court Ruling
The Delaware Supreme Court has issued a ruling confirming a $267 million legal fee for five law firms responsible for representing Dell Technologies shareholders. The court's decision comes after rejecting claims that such a large fee could be categorized as a windfall.
Context of the Settlement
In a landmark case, these law firms successfully negotiated a remarkable $1 billion settlement for the shareholders. This fee is recognized as one of the largest in the history of U.S. shareholder litigation.
Upcoming Legal Fees in Other Cases
As this ruling solidifies the fee awarded to Dell's attorneys, a trial court in Delaware is currently deliberating on two more requests for significant legal fees related to cases concerning Tesla.
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