Del. Chief Justice 'Troubled' By $2.2B Stillwater Appraisal

Law360 (July 15, 2020, 4:33 PM EDT) -- Delaware's chief justice acknowledged Wednesday that he was troubled by a $2.2 billion Chancery Court mining company appraisal case in which the court declined to explore the need for a post-signing, pre-closing price adjustment, allegedly based on stockholder failure to flag the issue.

The comment during a stockholder Supreme Court appeal from Vice Chancellor J. Travis Laster's August 2019 appraisal suit decision to stick with the deal price in the 2017 sale of Stillwater Mining Co. could bring a closer look at the lower court's independent role in valuing transactions aside from the competing arguments of sellers and company investors....

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!