Del. Justices Poised To Reappraise Stock Appraisal Suits

Law360, Wilmington (June 5, 2017, 8:31 PM EDT) -- The way the Delaware Chancery Court weighs deal price in stock appraisal actions could be in for a shakeup as the state Supreme Court is poised to consider the DFC Global and Dell cases, and experts say the results will have a wide impact on such litigation no matter the ruling.

On Wednesday, the justices are scheduled to consider an appeal of the Chancery Court’s determination that private equity fund Lone Star Fund VIII underpaid by about $100 million when it bought out payday lender DFC Global Corp. for $1.3 billion in 2014, a decision that only gave limited weight to...

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