Vista, Mindbody Trial Earns Attorneys a Third of the Damages

Attorneys that represented Mindbody Inc. investors in a recent challenge to the fitness software maker’s deal to go private will be entitled to the maximum fee award, equal to a third of the damages in the case, a Delaware judge ruled Wednesday.

Friedlander & Gorris PA and Bernstein Litowitz Berger & Grossmann LLP represented investors in a challenge to a deal with private equity firm Vista Equity Partners Management LLC that they said was underpriced.

“This case went as far as a case can go before a trial court. In these circumstances, it is appropriate to award fees in the ...