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Del. Justices Asked To Nix 57% Clearwire Appraisal Plunge

Law360 (April 18, 2018, 7:50 PM EDT) -- Clearwire Corp investor Aurelius Capital Management LP on Wednesday told Delaware's Supreme Court that "compounding" legal errors last year led Chancery Court to set Clearwire's stock price 57 percent below the amount Sprint Nextel Corp. paid in a $3.6 billion buyout in 2013.

The appeal arguments centered on a decision by Vice Chancellor J.Travis Laster that remains one of the largest backfires experienced to date by stockholders who seek post-merger appraisal of their stock under Delaware's corporation law with hopes of getting a better price....
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