William B. Weinberger and Edward U. Notz Book Reviews

William B. Weinberger and Edward U. Notz by New Castle Court of Chancery of Delaware Book Summary

MEMORANDUM OPINION Berger, Vice Chancellor This is the decision on plaintiffs' various motions relating to the Judgment Order dated February 20, 1985 (the Order). Pursuant to paragraph 1 of the Order judgment was entered against defendant, The Signal Companies, Inc. (Signal) in the amount of $1.00 per share of U.O.P., Inc. (UOP) common stock formerly owned by the class members together with interest to the date of payment. Paragraph 2 of the Order reserved jurisdiction with respect to plaintiffs' claims for counsel fees and litigation expenses. Plaintiffs now seek a determination that (1) any attorneys' fees awarded be paid by Signal in addition to the amount due the class under the Order; (2) the interest to be paid by Signal pursuant to the Order and post-judgment interest should be compound rather than simple interest; (3) costs, including all litigation expenses incurred by plaintiffs, should be awarded to them; and (4) Signal should not be permitted to satisfy paragraph 1 of the Order until the full extent of its liability has been determined.

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