Derivative Counsel definition
Examples of Derivative Counsel in a sentence
The MK Derivative Plaintiffs and MK Derivative Counsel also have taken into account the uncertain outcome and the risk of any litigation, especially in complex actions such as the MK Derivative Actions, as well as the difficulties and delays inherent in such litigation and the likelihood of protracted appellate review.
Based on their evaluations, the MK Derivative Plaintiffs and MK Derivative Counsel have determined that the settlement set forth in this MOU is fair, reasonable and adequate and in the best interests of the MK Derivative Plaintiffs, the current holders of MK common stock and MK.
The MK Derivative Plaintiffs and MK Derivative Counsel believe that the claims asserted in the MK Derivative Actions have merit and that the evidence developed to date supports the claims asserted.
The MK Derivative Plaintiffs and MK Derivative Counsel also are mindful of the inherent problems of proof and the defenses Defendants have asserted and can assert to the federal securities law violations as alleged in the complaints filed in the MK Derivative Actions and other claims asserted in the MK Derivative Actions, including the defenses alleged by the Defendants in the pleadings filed in the MK Derivative Actions.
Payment of attorneys' fees to Delaware Derivative Counsel shall be made on the 30th business day after the Stipulation and Order of Dismissal of the Delaware Derivative Litigation is entered by the Court, provided that no appeal is taken therefrom.