Treves v. Servel, Inc.

Wolcott, Justice:

This is an appeal from a portion of an order of the Vice-Chancellor awarding out-of-pocket expenses and counsel fees to plaintiffs’ attorneys in the amount of $2500.

The action was a class action brought by certain preferred stockholders of Servel, Inc., to compel payment of dividend arrearages on Servel’s preferred stock and compliance with sinking fund provisions of its charter for the annual retirement of a certain number of shares of preferred stock or, in the alternative, to compel the redemption by Servel of all of its outstanding preferred stock and the payment of…