Court of Chancery of Delaware January 13, 1960 (Panamanian Securities, Inc. v. Punta Alegre Sugar Corp.)

Seitz, Chancellor:

The Delaware law firm of Morris, Nichols, Arsht and Tunnell, together with an out of state law firm (collectively referred to herein as “plaintiff’s counsel”) were allegedly employed by the plaintiff corporation to represent it in an action against certain defendants.