The Delaware Supreme Court, sitting en banc, recently reversed in part and remanded the Court of Chancery’s decision regarding the appraisal of Dell, Inc. (“Dell”)[i], which builds upon another recent appraisal decision in...more
The Delaware Supreme Court, sitting en banc, recently reversed and remanded the Court of Chancery’s appraisal decision in DFC Glob. Corp. v. Muirfield Value Partners, L.P. (“DFC Global”), a highly publicized opinion in which...more
In a recent decision out of the Delaware Court of Chancery—Merion Capital L.P. v. Lender Processing Services, Inc., C.A. No. 9320-VCL (Del. Ch. Dec. 16, 2016) ("LPS")—Vice Chancellor Laster strayed from several of the Court...more
1/19/2017
/ Appraisal ,
Appraisal Rights ,
Criminal Investigations ,
Due Diligence ,
Fair Market Value ,
Fair Valuation ,
Merger Agreements ,
Mergers ,
Popular ,
Shareholders ,
Stock Purchase Agreement ,
Stocks
In two recent decisions out of the Delaware Court of Chancery – In re: Appraisal of DFC Global Corp., C.A. No. 10107-CB ("DFC Global") and In re: Appraisal of Dell Inc., C.A. No. 9322-VCL ("Dell") – Chancellor Bouchard and...more
In a recent decision out of the Delaware Supreme Court—CDX Holdings, Inc. v. Fox, C.A. No. 526, 2015 (Del. June 6, 2016)—Justice Holland, writing for the majority, affirmed a Court of Chancery post-trial decision that found...more
6/22/2016
/ Arbitrary and Capricious ,
Board of Directors ,
Credibility ,
DE Supreme Court ,
Deferred Stock Incentive Plans ,
Fair Market Value ,
Judicial Deference ,
Mergers ,
Shareholder Litigation ,
Spinoffs ,
Valuation ,
Witness Statements