Views differ at Stanford. In June, DealBook examined an analysis by the Stanford law professor Joseph Grundfest highlighting the large number of cases in which Delaware lawyers won fee “multipliers” of more than seven times their hourly rates.

Michael Klausner, another Stanford law professor who is also a lawyer in Delaware representing shareholders, recently offered a rebuttal to Grundfest’s research that called those cases outliers. (Grundfest’s response to DealBook: “Outliers matter, especially when they are huge.”)