Law360, New York (July 10, 2015, 10:25 AM EDT) -- On June 30, 2015, the Delaware Court of Chancery issued a post-trial opinion in which it yet again rejected a dissenting shareholder's attempt to extract consideration for its shares above the merger price through appraisal rights. See LongPath Capital LLC v. Ramtron International Corp., Slip. Op. June 30, 2015, C.A. No. 8094-VCP (Del. Ch. June 30, 2015). LongPath is just the latest decision in which the Chancery Court has upheld merger price as the most reliable indicator of fair value where it was the result of a fair and adequate process. Vice Chancellor Donald Parsons' opinion reaffirms the importance of merger...
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