Mentor Graphics Corp. v. Shapiro

This is an appeal by an unsuccessful party to an acquisition contest from a decision of the Court of Chancery rejecting that party’s attempt to secure an award of counsel fees incident to the settlement of a related class action suit attacking the original merger effort. The Court of Chancery denied the appellants’ effort as untimely. We agree and affirm.

I

This is the latest chapter in Mentor Graphics Corporation’s (“Mentor”) failed attempt to acquire Quickturn Design Systems, Inc. (“Quickturn”). The extensive background of the dispute is set forth in a previous decision of this Court in which…