Record $285 million fee award is Strine’s message to plaintiffs’ bar

So why did Strine agree to grant such exorbitant fees? Because he was sending a message not just to the lawyers in the Southern Copper case, but to the entire securities class action bar….The chancellor also spoke about rewarding plaintiffs’ lawyers for taking risks — and chided defense lawyers for being envious when those risks pay off in big recoveries. If lawyers are willing to litigate big cases through discovery and trial, he suggested, Delaware will make sure they’re well compensated for their efforts.

Read more: Record $285 million fee award is Strine’s message to plaintiffs’ bar — News & Insight

Enhanced by Zemanta