Seinfeld v. Coker
Court of Chancery of Delaware
1Opinion of the Court
OPINION
CHANDLER, Chancellor.
Before the Court is a motion to approve a proposed settlement of this derivative lawsuit. Also pending is the application of plaintiffs’ counsel for $500,000 in fees and expenses. For the reasons set forth more fully below, I approve the proposed settlement, but I award attorneys’ fees and expenses in the aggregate amount of $250,000.
I
Frank Seinfeld and Victoria Shaev (“plaintiffs”) instituted this derivative action against BankAmerica Corporation (“BankAmerica”) and 19 former directors of both NationsBank Corporation and a predecessor entity of BankAmerica. The…
2Cases cited16 opinions
- Blum v. StensonSupreme Court of the United States · 1984
- Trustees v. GreenoughSupreme Court of the United States · 1882
- Boeing Co. v. Van GemertSupreme Court of the United States · 1980
- In Re General Motors Corporation Pick-Up Truck Fuel Tank Products Liability Litigation. Jack French, Robert M. West, Charles E. Merritt, Gary Blades, Dawn and Tracey Best, Gary and Jackie Barnes, Betty Marteny, John and Mary Southands, Edmund Berning, Dale W. Plummer, Edmund and Anneta Casey, John and Connie Yonki, Carl and Kathryn Corona, Dallas and Patricia Nelson, Mynard and Mildred Duncan, Kirby L. Stegman, Dewayne Anderson, Morris and Barbara Betzold, in No. 94-1064. Rudolph Jenkins, William D. Cunningham, Mather Johnson, Forrest Charles Ginn, Buren William Jones and Martin D. Parkman, in No. 94-1194. Parish of Jefferson, in No. 94-1195. The State of New York, in No. 94-1198. Elton Wilson, Individually, and Frank I. Owen, Individually and on Behalf of the Residents of the State of Alabama, in No. 94-1202. City of New York, in No. 94-1203. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1207. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1208. Commonwealth of Pennsylvania, Department of Transportation, in No. 94-1219Court of Appeals for the Third Circuit · 1995
- Ursic v. Bethlehem MinesCourt of Appeals for the Third Circuit · 1983
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3Cited by14 opinions
- Americas Mining Corp. v. TheriaultSupreme Court of Delaware · 2012
- Carlson v. HallinanCourt of Chancery of Delaware · 2006
- In re Sauer-Danfoss Inc. Shareholders LitigationCourt of Chancery of Delaware · 2011
- In re El Paso Pipeline Partners, L.P. Derivative LitigationCourt of Chancery of Delaware · 2015
- Cohn v. NelsonDistrict Court, E.D. Missouri · 2005
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