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Attorneys – Fees – Corporate Merger – Class Action Settlement – Disclosure Only – Expenses (access required)

Plaintiffs’ class action lawsuits challenging a merger between Krispy Kreme Doughnuts, Inc., and JAB Beech, Inc., resulted in supplemental disclosures to shareholders, and the court finds the materiality of those disclosures to be somewhere between nil and obvious. The court awards plaintiffs’ counsel $150,000 in fees, yielding an implied rate of $300 per hour (after ...

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