Delaware asks bar group to study corporate lawyer fee caps

Requesting The Council Of The Corporation Law Section Of The Delaware State Bar Association Prepare A Report Of Recommendations For Legislative Action Regarding Awards Of Attorneys Fees In Certain Corporate Litigation Cases.

Introduced· 2025-02-17

Who's it for

Who's it for: Corporations

What it means for you

6/10Mixed

Mixed: some good, some bad ·

Draft summary, still being checked against the official bill text. Read the source to confirm.

If passed, the state would tell a bar council to look at how much lawyers get paid in shareholder lawsuits and suggest ways to limit fees.

Our take

What we think, in plain words.

Citizens should watch this bill because if the council recommends fee caps, future rules could keep corporate lawsuits from costing too much, protecting investors and keeping companies competitive.

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The facts

What the bill actually says, no spin.

The resolution was introduced in the Delaware Senate on Feb. 17, 2025.
It asks the Delaware State Bar Association's corporation law council to prepare a report by March 31, 2025.
The report must examine whether attorney fees in shareholder lawsuits are excessive and consider a cap based on time and hourly rates.
The resolution does not change any law; it only requests a study and recommendations.