Oracle D&O Insurer Fights Fees In Shareholder Row

Law360, Wilmington (January 8, 2014, 9:26 PM EST) -- Oracle Corp.'s directors and officers insurer Beazley stood firm Wednesday on its contention it shouldn't be required to cover the up to $19.9 million in attorneys' fees in a proposed settlement of a shareholder lawsuit over the software giant's acquisition of Pillar Data Systems Inc., opposing a motion for summary judgment.

Among the arguments Beazley fielded during a hearing in Delaware Chancery Court was that the request for summary judgment was premature since a judge hadn't yet determined whether the proposed fees were reasonable, and the...
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