Del. Judge OKs Attys' Fees In Disclosure-Only Settlement

Law360, New York (March 19, 2013, 9:01 PM EDT) -- A Delaware judge on Tuesday awarded $500,000 to attorneys representing Paetec Holding Corp. shareholders in a settled proposed class action over Paetec's merger with Windstream Corp., but reaffirmed the court's right to scrutinize uncontested fees.

Vice Chancellor Sam Glasscock III found that the requested uncontested fees that will be paid by Paetec were appropriate when considering several standards set in Sugarland Industries Inc. v. Thomas, including the magnitude of the benefit conferred and the time and effort put in. But he also blasted the plaintiff's counsel's...
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