Wendt v. Steelcome Limited

Summary

The Supreme Court of Delaware affirmed three Court of Chancery orders concerning the appointment and authority of a liquidating trustee and the allowance of trustee-related attorneys’ fees. The court declined to reach the merits of Wendt’s corporate-veil argument because he failed to provide a necessary transcript, held that the trustee’s broad order authorized him to retain counsel, and upheld the reduced fee award under an abuse-of-discretion standard.