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Prof. Joe Grundfest and attorney Joel Fleming on Delaware contingency fees

Shareholder Primacy

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The Complexities of Class Action Litigation

This chapter explores the intricacies of representative litigation, focusing on class actions and derivative corporate actions where attorneys represent large groups like shareholders. It raises concerns about the effectiveness of a single plaintiff as a representative and the challenges of attorney fee negotiations in corporate litigation. Additionally, it discusses the evolving legal landscape in Delaware, including proposed legislation that could impact shareholder litigation and fee arrangements.

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