Miller v. Boldluc

Sanders, Janet L., J.

This is a shareholder derivative action brought by plaintiff Bernard Miller, who holds shares in the defendant Implant Science Corporation (Implant). The complaint, filed on March 23, 2015, sought to compel an annual stockholder meeting and to put to a vote a compensation plan amendment which conferred stock options on certain company executives. On July 1, 2015, Implant held the meeting and put the amendment to a vote. Plaintiffs counsel now seeks an award of attorneys fees in the amount of $280,000 pursuant to G.L.c. 156D, §7.46(1) (Section 7.46)1 That statute permits…