Quest Rips Attys' $2.8M Fee Bid In Shareholders' Buyout Suit

Law360, Wilmington (October 12, 2012, 9:03 PM EDT) -- Quest Software Inc. is up in arms over a $2.8 million fee bid from shareholders' attorneys in a class action that challenged an aborted $2 billion private equity buyout of the company, according to a brief unsealed Friday in Delaware, saying the plaintiffs' law firms don't deserve a dime for their "meritless" lawsuit.

Several Quest shareholders challenged Insight Ventures LP's proposed buyout of the software company this spring, claiming the deal resulted from collusion between Quest’s CEO and the private equity firm that shut out other...
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