Law Firms Announce Application for an Award of Attorneys' Fees and Expenses in connection with Lawsuit Pending in the Delaware Court of Chancery captioned Assad v. Hess Corporation, et al.

Core Points - Hess Corporation is involved in a legal action regarding its merger with Chevron Corporation, with a lawsuit filed by stockholder George Assad alleging fiduciary duty violations by the Hess Board [3][4] - The lawsuit seeks an injunction against the merger, damages, and an award of attorneys' fees, with the plaintiff's counsel now filing for an award of fees and expenses totaling up to $350,000 [8][10] - The merger between Hess and Chevron was completed on July 18, 2025, with Hess becoming a wholly owned subsidiary of Chevron [6] Group 1: Legal Proceedings - The law firms representing the plaintiff intend to file a Fee and Expense Application in the Delaware Court of Chancery [1] - The defendants, including Hess and its board, deny any wrongdoing and plan to oppose the Fee and Expense Application [4][8] - The court has retained jurisdiction to hear the Fee and Expense Application after dismissing all claims in the action with prejudice as to the named plaintiff only [10] Group 2: Merger Details - Hess entered into a Merger Agreement with Chevron on October 22, 2023, for Chevron to acquire all outstanding shares of Hess [2] - A Definitive Proxy Statement was filed by Hess on April 26, 2024, in connection with the merger [3] - Following the lawsuit, Hess supplemented its Proxy Statement with additional disclosures before the special meeting where the transaction was approved [5]