Recent Delaware Opinions Shake Up Appraisal Litigation
Law360, New York (August 11, 2017, 1:12 PM EDT) -- Appraisal is no longer the “sleepy topic” it once was. In the space of less than two weeks, the Delaware courts issued two landmark appraisal decisions, one effectively putting a judicial thumb on the scale in favor of deferring to deal price in arm’s-length mergers, and the other finding fair value (calculated exclusive of anticipated synergies) to be less than half the deal price. When combined with recent statutory changes, including allowing for prepayment in order to cut off the accrual of interest, these decisions likely will dampen “appraisal arbitrage” activities going forward. But the Delaware courts are not done: we...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!