Cole Hodge

Nov 1, 2023 | businesslawtoday.org | Gregg Stevens |Leona Yazdidoust |Gurtej Grewal |Cole Hodge

CURRENT MONTH (October 2023)Business LitigationDelaware Court of Chancery to Award Disclosure-Based Mootness Fees Only When Plaintiff Shareholder Obtains Additional Disclosures That Are “Plainly Material”By Leona YazdidoustIn Anderson v. Magellan Health, Inc., No. 2021-0202-KSJM (Del. Ch. July 6, 2023), the Delaware Court of Chancery affirmed the judgment of the trial court awarding $75,000 in fees and expenses to Plaintiff Shareholder’s counsel, instead of the requested award of $1,100,000.