Dell case’s $267 million legal fee appeal sparks law profs’ fierce debate

Details

Publish Date:

January 3, 2024

Author(s):

Frankel, Alison

Source:

Reuters

Related Person(s):

Related Organization(s):

Foreign Corrupt Practices Act Clearinghouse (FCPAC),
Stanford Program in Law, Science & Technology,
Securities Class Action Clearinghouse (SCAC),
John M. Olin Program in Law and Economics,
Arthur and Toni Rembe Rock Center for Corporate Governance

Summary

“The declining percentage approach reflects a reasonable application of economies of scale,” argued Joseph Grundfest of Stanford University and four other professors. “A declining percentage allows courts to enhance recovery to stockholders without deterring meritorious litigation.”