In re Amicas, Inc. Shareholder Litigation

Neel, Stephen E., J.

Plaintiffs in the above consolidated shareholder actions seek attorneys fees and expenses in the amount of $4,940,000. After hearing, and review of the parties’ submissions, the Court addresses below their contentions with regard to (1) whether plaintiffs are entitled to any fees; (2) if so, the proper standard to be applied; and (3) the reasonableness of the amount requested; and awards attorneys fees and expenses accordingly.

BACKGROUND

Plaintiffs commenced this litigation on January 14, 2010, seeking injunctive relief relating to a proposed acquisition of defendant…