Delivered over $300 million in financial benefits to Ebix by overturning CEO compensation agreement after trial
Plaintiff(s):
Shareholder derivative plaintiffs challenging CEO compensation
Case type / claims:
Derivative lawsuit alleging excessive, conflicted CEO compensation
Defendant(s):
Ebix, Inc. and its CEO
Jurisdiction:
Delaware Court of Chancery
Outcome:
- Conducted a three-day trial challenging the amended CEO compensation agreement.
- Secured a revised compensation structure reducing the agreement’s potential cost by 36%.
- Achieved more than $300 million in financial benefits to Ebix by eliminating excessive compensation liabilities.
