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Appraisal Proxy Statements

Allen Matkins

What Happens When A Board Fails To Determine The Fair Value Of The Consideration For Shares?

Allen Matkins on

California Corporations Code Section 409(e) imposes a duty on the board of directors to determine "the fair value to the corporation in monetary terms of any consideration other than money for which shares are issued". Does a...more

Morris James LLP

Court Of Chancery Resolves Appraisal Voting Requirement

Morris James LLP on

It is well understood that to be entitled to the appraisal of your stock you need to not vote for the merger. However, in the complex world of how shares are held by beneficiaries and depositories, it is easy to overlook the...more

Goulston & Storrs PC

What's Market? Update: Litigation

Goulston & Storrs PC on

In In re Appraisal of Ancestry.com, Inc., C.A. No. 8173-VCG (Del. Ch. 2015), the Delaware Court of Chancery held in connection with an appraisal proceeding brought by a dissenting shareholder that the best indication of the...more

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