Alaska Electrical Pension Fund v. Brown

BERGER, Justice:

In this appeal, we consider whether an out-of-state litigant should be awarded attorneys’ fees and expenses in connection with the settlement of a Delaware corporate class action. Appellant, Alaska Electrical Pension Fund (“Alaska”), had filed a class action in California, alleging substantially the same claims as those alleged in the Delaware action. The Delaware plaintiffs agreed to settle their claims after they had negotiated a $7 per share increase in the disputed transaction. Appellant did not agree to settle at that price, and the price later increased another $9 per…