As reported in today’s Law360 [$$], the Delaware Chancery Court chose lead counsel and consolidated several petitions in the Stillwater Mining appraisal case.  As reported in the article, Vice Chancellor Laster stated during yesterday’s hearing that “he would clarify rules for keeping non-lead attorneys in the loop on key documents and proposals,” and that his ruling reflected “an evolving court position on balancing the rights and responsibilities of law firms collaborating in class appraisal proceedings.”

** This law firm is counsel of record in the Stillwater Mining appraisal litigation.