LILLIS v. AT & T CORP.

C.A. No. 717-N.

904 A.2d 325 (2006)

Charles LILLIS, Gary Ames, Richard Post, Frank Eichler, Robert Crandall, Lou Simpson, Pierson Grieve, Richard McCormick, Janice Peters, Pearre Williams, Roger Christensen, Doug Holmes, Steven Boyd, Patti Klinge, Connie Campbell, Sharon O'Leary, Jim Taucher, Bud Wonsiewicz and Daniel Yohannes, Plaintiffs, v. AT & T CORP. and AT & T Wireless Services, Inc., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: May 22, 2006.


Attorney(s) appearing for the Case

Kevin G. Abrams, Abrams & Laster, L.L.P., Wilmington, DE; Miranda S. Schiller, Joshua S. Amsel, Weil, Gotshal & Manges, L.L.P., New York City, for Plaintiffs.

Todd C. Schiltz, Wolf, Block, Schorr and Solis-Cohen, L.L.P., Wilmington, DE; Michael L. Banks, William P. Quinn, Jeremy P. Blumenfeld, Morgan Lewis & Bockius, L.L.P., Philadelphia, PA, for Defendants.


OPINION

LAMB, Vice Chancellor.

This case arises from a dispute between former officers and directors of a telecommunications company and that company's successors in interest concerning the enforcement of contracts granting stock options. The plaintiffs have moved for judgment on the pleadings on Count IV of their complaint, seeking the attorneys' fees and expenses incurred in bringing their case under a contractual provision that authorizes such...

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