Del. Fee-Shifting Ban Easily Clears Legislature

By Matt Chiappardi (June 11, 2015, 8:51 PM EDT) -- A bill that would prohibit public companies from adopting provisions that shift legal fees in shareholder litigation onto the losing party came one step closer to becoming Delaware law Thursday as it sailed through the First State's House of Representatives.

The bill, S.B. 75, overwhelmingly passed during a late House session in Legislative Hall in Dover. Forty of the lower chamber's 41 members voted in favor of the measure, which would amend Delaware General Corporation Law to include a ban on fee-shifting or "loser pays" bylaws related to shareholder litigation. One House member was absent.

The proposed ban has been praised...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!