Court of Chancery of Delaware

In a dispute between former officers and directors of a telecommunications company and that company's successors in interest concerning the enforcement of contracts granting stock options, an attorneys' fees provision, which requires the indemnifying party to pay for litigation arising "in connection with" a written agreement on grounds that are not expressly enumerated in that agreement, is inherently broad in character, and encompasses the claims the plaintiffs have brought.

Appellate Information

• Decided 05/22/2006
• Published 06/12/2006

Judges

Court

• Court of Chancery of Delaware

Counsel

• For Appellant:
  
• Kevin G. Abrams, Abrams & Laster, L.L.P., Wilmington, DE;  Miranda S. Schiller, Joshua S. Amsel, Weil, Gotshal & Manges, L.L.P., New York City, for Plaintiffs.


• For Appellees:
  
• Todd C. Schiltz, Wolf, Block, Schorr and Solis-Cohen, L.L.P., Wilmington, DE;  Michael L. Banks, William P. Quinn, Jeremy P. Blumenfeld, Morgan Lewis & Bockius, L.L.P., Philadelphia, PA, for Defendants.