Big Lawyer Paydays in Risky Cases Affirmed by Delaware Court (2)

Huge paydays for the attorneys who pursue high-risk cases in the country’s premier venue for corporate litigation is a Delaware precedent that must be upheld, the Delaware Supreme Court ruled Wednesday.

A $267 million fee award for the attorneys who negotiated a historic $1 billion settlement with Dell Technologies Inc. makes sense because the trial court that approved the award acted within its discretion, Chief Justice Collins J. Seitz Jr. said in an opinion for the court’s full five-member panel.

“In Delaware, we are used to big numbers,” Seitz said. “We agree with the court’s observations that it was a ...