Chancery Mulls Largest Incentive Award Ever In Occam Case

Law360, Wilmington (December 20, 2016, 9:13 PM EST) -- The Delaware Chancery Court opened a rare trial Tuesday for a so-called incentive award for the lead plaintiff in the class action that challenged Occam Networks Inc. merger with Calix Inc., which proposed at roughly $3 million is believed to be largest of its kind in the court’s history.

During a full day of court proceedings, Vice Chancellor J. Travis Laster heard testimony from Occam shareholder Herbert Chen, who has argued he was the “primary mover” in the long running litigation that settled for $35.5 million mid-way through a 10-day trial in April over claims of Occam brass and advisers “utterly...

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