Court Of Chancery Limits Drag-Along Rights

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Halpin v. Riverstone National Inc., C.A. 9796-VCG (February 26, 2015)

Whether drag-along rights can preclude an appraisal action for common stock has not been decided in Delaware.  Here, because the merger was completed before the drag-along rights were asserted, the Court did not have to decide that issue and instead just held the right was asserted too late.

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