Corporate and Commercial Practice in the Delaware Court of Chancery
John O’Toole writes:
In In re Appraisal of DFC Global Corp., the Court of Chancery conducted an in-depth analysis of three common valuation methodologies—discounted cash flow analysis, multiples-based…
Continue Reading Chancery Discusses Valuation Methods
John O’Toole writes:
In In re Volcano Corporation Stockholder Litigation, the Court of Chancery held that stockholders’ acceptance of tender offers as part of mergers accomplished under § 251(h)…
Continue Reading Chancery: § 251(h) Tender Offers Get Irrebuttable Business Judgment Review
Delaware, a state often considered an incorporation “mecca” with its favorable tax laws, preeminent business court and unified body of corporate law, has recently enacted a controversial statute that may…
Continue Reading Fee-Shifting Ban May Put Delaware’s Corporation-Friendly Status in Question
In the recent decision of In Re Trulia Inc. Stockholder Litigation, C.A. No. 10020-CB (Del. Ch. Jan. 22, 2016), which we discussed here, the Court made clear that…
Continue Reading Post-Trulia Disclosure Settlement Approved – Management Projections Material
In the recent decision of In re Riverbed Technology Inc. Stockholders Litig., C.A. No. 10484-VCG (Dec. 2, 2015), the Court of Chancery granted fees to an unsuccessful objecting…
Continue Reading Fees Granted to Unsuccessful Objecting Party to Merger Litigation Settlement
The Delaware Supreme Court in Corwin v. KKR Financial Holdings LLC, No. 629, 2014 (Del. Oct. 2, 2015), has recently issued an opinion of substantial import in connection…
Continue Reading Corwin Opinion Applies Business Judgment Standard of Review to Merger Transaction Approved by Informed, Disinterested Stockholders
In the recent decision of In re Zale Corporation Stockholders Litigation, C.A. No. 9388-VCP (Del. Ch. Oct. 29, 2015), the Court of Chancery reversed its prior decision in…
Continue Reading Business Judgment Standard Applied in Merger Following Corwin Decision
In the recent decision of Merion Capital LP v. BMC Software Inc., C.A. No. 8900-VCG (Del. Ch. Oct. 21, 2015), the Court of Chancery accepted the merger consideration provided…
Continue Reading Appraisal Action – Merger Price Accepted
Under Section 262 of the Delaware General Corporation Law (“DGCL”), the Court is authorized to add simple or compound interest to the appraised value to a dissenting shareholder.
The Court…
Continue Reading Appraisal Proceedings: Interest Included in Calculation
