MasterCraft settles stockholder suit over board provision for $425,000 in attorneys' fees
MasterCraft agreed to pay $425,000 in attorneys' fees and expenses to settle a Delaware stockholder lawsuit challenging a stockholders agreement provision on director removal. The provision was removed in March 2026, which mooted the claims, and the Court of Chancery closed the case on May 19, 2026, without reviewing the fee payment.
- Plaintiff Bruce Taylor filed a putative class action on February 11, 2026, in Delaware Court of Chancery.
- The challenged provision was removed by a stockholders agreement amendment dated March 11, 2026.
- MasterCraft agreed to pay $425,000 in attorneys' fees and expenses in full settlement of plaintiff's fee claims.
- The Court entered an order closing the action on May 19, 2026.