A Delaware judge approved Smurfit-Stone Container Corp.'s settlement of shareholders' lawsuits over the $5.8 billion acquisition that created the U.S.'s fourth-largest paper company last year, but slashed $550,000 out of the fee shareholder's lawyers were slated to get as part of the settlement. The judge refused to approve that fee award, saying the case was too weak to justify that amount. He added that the settlement's terms were "fair, reasonable, adequate and in the best interest of (shareholders)."
September 13, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Vice Chancellor Stephen Lamb approved Smurfit-Stone Container Corp.’s settlement of shareholders’ lawsuits over the $5.8 billion acquisition that created the U.S.’s fourth-largest paper company last year, but slashed $550,000 out of the fee shareholder’s lawyers were slated to get as part of the settlement.
The companies had agreed to pay $650,000 to cover shareholders’ legal fees and expenses in bringing the case.
Presented by BigVoodoo
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Where the region's top lawyers, law firms and in-house teams will gather to celebrate their most stellar achievements of the year.
This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
Looking for an Associate Attorney with 2 to 5 years experience to handle Labor and Employment Law, Pension Appeals and Workers Compensation....
Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
Regional mid-sized firm with diverse civil litigation practice seeking hardworking and dedicated attorneys with 1-5 years experience for it...
Lawyers of Distinction would like to announce...
Snyder Sarno D'Aniello Maceri & daCosta would like to announce that...
COLE SCHOTZ P.C. WELCOME HONORABLE GARRY S. ROTHSTADT, J.A.D. (RET.)
