State Bar Group Won’t Recommend Legal Fee Cap: Delaware Brief

State Bar Group Won’t Recommend Fee Caps

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An influential Delaware state bar committee is declining to recommend limiting payouts to shareholder attorneys after weighing the idea for more than a year, Mike Leonard reports.

Elena Norman, a member of the Corporation Law Council, said that it’s “not currently recommending any changes or caps” to contingency-based legal fees, a hot topic in a state where investor lawsuits have yielded paydays as large as $267 million in recent years. The council’s priorities typically dictate Delaware’s legislative agenda when it comes to corporate law.

Norman, a Young Conaway Stargatt & Taylor partner, ...