Alaska Elec. Pension Fund v. Brown, 240, 2009
In an action alleging breaches of fiduciary duty and disclosure claims relating to a tender offer, the denial of an intervenor's motion to recover attorneys' fees and costs is affirmed where: 1) the court of chancery applied the proper legal precepts in placing the burden on defendants to demonstrate that appellant was in no way a cause of the tender offer increase; and 2) defendants met this burden.
- Submitted 10/14/2009
- Decided 01/14/2010
- Published 01/14/2010
- RIDGELY, Justice., Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS, and RIDGELY, Justices, constituting the Court en Banc.
- Supreme Court of Delaware
- For Appellant:
- R. Bruce McNew, Esquire of Taylor & McNew LLP, Wilmington, DE; Of Counsel: Randall J. Baron, Esquire (argued) and Kevin K. Green, Esquire of Coughlin, Stoia, Geller, Rudman & Robbins LLP, San Diego, CA for appellant.
- For Appellees:
- Carmella P. Keener, Esquire of Rosenthal, Monhait & Goddess, P.A., Wilmington, DE; Pamela S. Tikellis, Esquire and Scott M. Tucker, Esquire of Chimicles & Tikellis, LLP, Wilmington, DE; Of Counsel: Carl L. Stine, Esquire (argued) of Wolf Popper LLP, New York, NY; Barroway Topaz Kessler Meltzer & Check, LLP, Radnor, PA; for appellees Stephen L. Brown, Crady Family Trust and Michael Crady., Catherine G. Dearlove, Esquire, Ethan A. Shaner, Esquire, and Thomas A. Uebler, Esquire of Richards, Layton & Finger, P.A., Wilmington, DE; S. Mark Hurd, Esquire of Morris, Nichols, Arsht & Tunnell, Wilmington, DE; David C. McBride, Esquire and Danielle Gibbs, Esquire of Young, Conaway, Stargatt & Taylor, LLP of Wilmington, DE: Of Counsel: Michael G. Yoder, Esquire (argued) of O'Melveny & Myers LLP, Newport Beach, CA; for appellees General William Lyon and William H. Lyon.