Dell’s $1 Billion Settlement Yields $266.7 Million for Attorneys

The shareholder attorneys who negotiated a $1 billion settlement with Dell Technologies Inc. over a controversial 2018 stock conversion will take home more than a quarter of that enormous total.

Vice Chancellor J. Travis Laster awarded $266.7 million Monday to lawyers leading the litigation, which targeted Dell founder Michael Dell and other members of the tech company’s controlling bloc of investors at the time, including affiliates of private equity giant Silver Lake Group LLC.

The class action settlement, announced in November, is the largest ever in Delaware’s Chancery Court. The payout in legal fees is the second-largest, according to the ...