Magellan Health Inc. has asked the Delaware Chancery Court to reject a bid by two law firms for a $1.1 million fee award in a mooted shareholder suit over the company's merger with Centene Corp., arguing they should get no more than $125,000.
Counsel for parties in two consolidated stockholder lawsuits alleging CBS' $30 billion merger with Viacom in 2019 was unfair are bickering in Delaware Chancery Court over when separate trials will be held, and whether they can be completed in the five days allotted by the court for each.
Attorneys for stockholders who challenged electronics maker Kyocera Corp.'s $1 billion merger with AVX Corp. in a consolidated Delaware Chancery Court suit are seeking $10.7 million in attorney fees and expenses in connection with a proposed $49.9 million settlement that would bring an end to the claims.
An investor in aerospace parts manufacturer TransDigm Group Inc. has told the Delaware Chancery Court his attorneys should get a $2.8 million award for securing "quantifiable economic benefits" and corporate governance "enhancements" in a now settled lawsuit that alleged company directors received excessive compensation.
Counsel for former unitholders of Carl Icahn-affiliated CVR Refining LP have told the Delaware Chancery Court they are seeking roughly $26.2 million in connection with the proposed $78.5 million settlement of a lawsuit claiming that an involuntary buyback in 2019 cost the unitholders $148 million.