Plaintiff's counsel seeks $1.25M in fees in mooted SPAC merger lawsuit; hearing set for Jan 12, 2023

Nextdoor Holdings, Inc.

Plaintiff's counsel filed application for $1.25M in attorneys' fees and expenses in Delaware Chancery Court.
Court approved notice to stockholders; hearing on fee application scheduled for January 12, 2023.
Lawsuit alleged breach of fiduciary duties over stockholder vote on charter amendment in Khosla/Nextdoor merger; claims mooted in Oct 2021.
Defendants (Khosla and directors) oppose the fee application.

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