Vice Chancellor Lori Will, of the Delaware Court of Chancery. Courtesy photo
Vice Chancellor Lori Will of the Delaware Court of Chancery has approved $1 million of the $2.8 million in fees plaintiffs’ counsel in an excessive compensation case asked for without defense opposition, reasoning the case had a clear-cut and short path to settlement from the beginning and the claimed value of that settlement was unsupported.
The decision awards $1 million to Levi & Korsinsky and Farnan attorneys who represented a shareholder of Cleveland-based aerospace manufacturer TransDigm Group Inc. in his derivative case challenging board members’ compensation.
