ALASKA ELECTRICAL PENSION FUND, Plaintiff Intervenor, Below, Appellant
v.
Stephen L. BROWN, Crady Family Trust, Michael Crady, Plaintiffs Below, Appellees, and
Lyon Homes Inc., General William Lyon, William H. Lyon, Harold H. Greene, Arthur B. Laffer, Lawrence M. Higby, James E. Dalton, Richard E. Frankel, Gary H. Hunt and Alex Meruelo, Defendants Below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: September 19, 2007.
Decided: December 21, 2007.
Attorney(s) appearing for the Case
R. Bruce McNew, Esquire, of Taylor & McNew, LLP, Wilmington, DE; Of Counsel: Kevin K. Green, Esquire (argued), of Coughlin Stoia Geller. Rudman & Robbins, LLP, San Diego, CA, for Appellant.
Joseph A. Rosenthal, Esquire and Carmella P. Keener, Esquire of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Of Counsel: Carl L. Stine, Esquire, of Wolf, Popper, LLP, New York City; Pamela S. Tikellis, Esquire, Daniel J. Brown, Esquire, and Scott M. Tucker, Esquire, of Chimicles & Tikellis, LLP, Wilmington, DE; Of Counsel: Lee D. Rudy, Esquire (argued), of Schiffrin Barroway Topaz & Kessler, LLP of Radnor, PA, for Plaintiffs-Below, Appellees.
Catherine G. Dearlove, Esquire, Ethan A. Shaner, Esquire of Richards, Layton & Finger, PA, Wilmington, DE; Of Counsel: Michael G. Yoder, Esquire (argued), of O'Melveny & Myers, LLP, Newport Beach, CA; S. Mark Hurd, Esquire, Alan J. Stone, Esquire and Kevin M. Coen, Esquire, of Morris, Nichols, Arsht & Tunnell, LLP, Wilmington, DE, for Defendants-Below, Appellees.
Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.
Supreme Court of Delaware.
BERGER, Justice:
In this appeal, we consider whether an out-of-state litigant should be awarded attorneys' fees and expenses in connection with the settlement of a Delaware corporate class action. Appellant, Alaska Electrical Pension Fund ("Alaska"), had filed a class action in California, alleging substantially the same claims as those alleged in the Delaware action. The Delaware plaintiffs agreed to settle their claims after they had negotiated a $7 per share increase...
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