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They had asked for $1.2 million.
In March, the court ruled that National City shareholders involved in the suit would receive no financial award.
In making his decision yesterday, Chancellor William B. Chandler III said the attorneys for the plaintiffs received an amount "commensurate with the benefit obtained for the shareholder class and the amount of effort plaintiffs' counsel actually expended."
PNC, which now owns National City, will pay the legal bill.
The lead attorneys for the plaintiffs, Rigrodsky & Long of Wilmington, Del., were unavailable for comment.
Several lawsuits by shareholders arose after PNC announced a deal to purchase Cleveland-based National City in October. The troubled bank's stock price collapsed from $38 in October 2007 to $2.75 as National City dealt with its exposure to subprime mortgages.
PNC paid $2.23 per share, or $5.58 billion, for the bank, and shareholders lost more than $16 billion in equity.
Chandler also said in yesterday's ruling that the plaintiffs had "faced an uphill battle in proving their fiduciary duty claims" against the bank's board of directors.
The Dispatch Printing Company, publisher of The Dispatch, has a similar lawsuit against National City in Franklin County Common Pleas Court.
It is in the discovery phase.
swartenberg@dispatch.com
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