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1
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MEMORANDUM OPINION (REVISED)
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EXTRACTED KEY WORDS
COURT ESQUIRES COUNSEL DELAWARE PLUM CREEK ATTORNEYS REASONABLE FEE AUANTUM MERUIT WILMINGTON HOURLY RATES MULTIPLE CHANCERY PLUM CREEK TIMBER PLUM CREEK MANAGEMENT ADVISORY SILVERMAN HARNES YORK DEFENDANT PLUM CREEK THOMAS QUALITY RISK SONET COMPENSATES LODESTAR DEL SUPR CONSISTENT-WITH CUSTOMARILY UTILIZED COUNSELS |
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
JERROLD M. SONET, ..
.
Plai:ntiff,
V. Civil Action Nos. 16639
- -.--
and 16931
PLUM CREEK TIMBER COMPANY,
L.P., PLUM CREEK MANAGEMENT
COMPANY, L.P., and PC ADVISORY
CORP. I,
Defendants. .. ^
.
1' 1
MEMORANDUM OPINION * "
`...I I
_
I...
Date Submitted: July 1, 1999
Date Decided: August 5, 1999
Date Revised: August lo? 1999
Joseph A. Rosenthal and Carmella P. Keener, Esquires, of ROSENTHAL,
MONHAIT, GROSS & GODDESS, P.A., Wilmington, Delaware; and Sidney B.
Silverman, Esquire, of SILVERMAN, HARNES, HARNES, PRUSSIN &
KELLER, New York, New York, Attorneys for Plaintiff
Edward P. Welch, Andrew J. Turezyn and Stephen D. Dargitz, Esquires, of
SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP, Wilmington, Delaware,
Attorneys for Defendant Plum Creek Timber Co., L.P
Jesse A. Finkelstein and Srinivas M. Ragu, Esquire, of RICHARDS, LAYTON &
FINGER, Wilmington, Delaware; and Robert A. Sacks and Steven W. Thomas,
Esquires, of SULLIVAN & CROMWELL, Los Angeles, California, Attorneys for
Defendants Plum Creek Management Company, L.P. and P.C. Advisory Corp. I.
JACOBS, VICE CHANCELLOR
capture the elements of benefit achieved, quality of counsels' effort, and
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2
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MEMORANDUM OPINION
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EXTRACTED KEY WORDS
FEE COUNSEL PLAINTIFFS COURT DISCOVERY SETTLEMENT REASONABLENESS UNITHOLDERS HOURLY RATES REIT BASIS PARTNERSHIP CONTINGENT AMOUNT ATTORNEYS CONVERSION DISMISS DISCLOSURES MERUIT MULTIPLE DEFENDANTS PLUM CREEK DISTRIBUTIONS MOTION COMPENSATION REALLOCATE CHANCELLOR ESQUIRES DETERMINATION |
7 i- .,
y-4
/+" "2'
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
IN AND FOR NEW CASTLE COUNTY
JERROLD M. SONET, ""
Plaintiff,
V. .. Civil Action Nos. 16639 /`*
.. and 1693 1
PLUM CREEK TIMBER COMPANY, :
L.P., PLUM CREEK MANAGEMENT :
COMPANY, L.P., and PC ADVISORY :
CORP. I, .
Defendants. ..
MEMORANDUM OPINION
Date Submitted: July 1, 1999
Date
Joseph A. Rosenthal and Carmella P. Keener, Esquires, of R.OSENTHAL,
MONHAIT, GROSS & GODDESS, P.A., Wilmington, Delaware; and Sidney B.
Silverman, Esquire, of SILVERMAN, HARNES, HARNES, PRUSSJN &
KELLER, New York, New York, Attorneys for Plaintiff
Edward P. Welch, Andrew J. Turezyn and Stephen D. Dargitz, Esquires, of
SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP, Wilmington, Delaware,
Attorneys for Defendant Plum Creek Timber Co., L.P
Jesse A. Finkelstein and Srinivas M. Ragu, Esquire, of RICHARDS, LAYTON &
FINGER, Wilmington, Delaware; and Robert A. Sacks and Steven W. Thomas,
Esquires, of SULLIVAN & CROMWELL, Los Angeles, California, Attorneys for
Defendants Plum Creek Management Company, L.P. and P.C. Advisory Corp. I.
JACOBS, VICE CHANCELLOR
This pending application for attorneys' fees arises out of a settlement of two
related actions: Sonet v. Plum Creek Management Co., L.P., Del. Ch., C.A. No.
l6639 ("Sonet I") and Sonet v. Plum CreekManagement Co., L.P., Del. Ch., C.A.
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