An award of $1 million in attorneys' fees stemming from the settlement of a shareholders derivative suit against Texaco over its handling of a racial discrimination case was reversed Tuesday by the U.S. Court of Appeals for the Second Circuit. The ruling came in a "piggyback" suit brought by shareholders challenging Texaco's agreement to pay $115 million to settle a landmark racial discrimination case brought by black employees.
September 15, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
AN AWARD OF $1 million inattorneys’ fees stemming from the settlement of a shareholders derivativesuit against Texaco over its handling of a racial discrimination case wasreversed yesterday by the U.S. Court of Appeals for the Second Circuit.
The ruling came in a “piggyback”suit brought by shareholders challenging Texaco’s agreement to pay $115million to settle a landmark racial discrimination case brought by blackemployees.
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