Delaware Court Upholds $267 Million Legal Fee Award

Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall.

The fee is one of the largest ever for U.S. shareholder litigation.

A Delaware trial court is weighing two other requests for huge legal fees, both in cases involving Tesla, and the ruling contained language that might be seen as helpful for the carmaker’s efforts to fight those fees.

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