The Delaware Court of Chancery, in Dr. Travis Martin v. Richard Bartlett, et al. and Harbor Diversified, Inc., C.A. No. 2018-0762-SG, memo. op. (Del. Ch. Feb. 5, 2020), found a stockholder was not entitled to an attorneys’ fees award for purported benefits incidentally obtained in litigation brought in pursuit of its own self-interested purpose of seeking a buy-out of his stock.
NEW: Morris James discusses the decision in Chancery Denies Fees to Stockholder who Compelled Admittedly-Overdue Annual Meeting, But Primarily for his Own Interest in Forcing a Buyout.
K&L Gates discusses the decision in Request for Attorneys’ Fees Denied Under Corporate Benefit Doctrine.
Bloomberg Law discusses the decision in Harbor Diversified Investor Takes Fee Bid to Delaware High Court.
Francis Pileggi discusses the decision in Chancery Denies Attorneys’ Fees for Successful Suit to Compel Annual Meeting.