09Feb
Chancery Rules on Equitable Fee Shifting and Indemnity Provisions in Support of Fee Shifting
On December 31, 2020, Vice Chancellor Glasscock issued an opinion regarding what he called a “novel issue” arising from cross motions for fees. The motions were supported by a contractual prevailing party fee provision which also provided for an equitable award where a party prevailed in part and lost in part. The case, Great Hill Equity Partners IV v. SIG Growth Equity Fund I, LLLP, CA No. 7906-VCG (Del. Ch. 2020) was hard fought, lengthy, costly, and yielded very little for the parties. Vice...
By:
Snell & Wilmer
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