1. Shareholders Said Corporate Reforms Merit Millions in Fees. Now They Must Prove it

    Shareholders Said Corporate Reforms Merit Millions in Fees. Now They Must Prove it

    (Reuters) - When plaintiffs lawyers in a derivative suit against Pinterest Inc board members asked for approval of their $5.4 million fee request last April, they told the judge they deserved twice their lodestar bills because they'd obtained significant corporate governance reforms that would make the company more diverse and inclusive, enhancing its long-term value for shareholders. In an order issued on Thursday, U.S. District Judge William Alsup of San Francisco told the firms to prove it...

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