While it isn't unheard of for plaintiffs' lawyers to take fees in stocks or some other financial instrument, usually payments made by defendants as part of a settlement are in cash. Lawyers for stockholders of camping equipment maker Coleman Co. believe their success in representing clients warrants payment of ... warrants. And that's what Sunbeam Corp., which acquired Coleman, has agreed to pay.
August 17, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Lawyers for stockholders of camping equipment maker Coleman Co. believe their success in representing clients warrants payment of warrants.
Sunbeam Corp. officials have agreed to settle shareholder suits filed in Chancery Court over the appliance maker’s acquisition of Coleman by giving Coleman holders warrants to purchase more than 4.98 million of Sunbeam’s shares at $7 per share, according to court papers.
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