14Jul
Delaware Supreme Court Affirms Appraisal Ruling Relying On Unaffected Market Price To Determine Fair Value
On July 9, 2020, in an en banc opinion authored by Chief Justice Collins J. Seitz, Jr., the Delaware Supreme Court affirmed a decision by the Delaware Court of Chancery, which relied on the unaffected stock price of Jarden Corporation to determine its fair value in a post-merger appraisal action. Fir Tree Value Master Fund, LP v. Jarden Corp., No. 454, 2019 (Del. July 9, 2020). “Although it is not often that a corporation’s unaffected market price alone could support fair value,” explained the...
By:
Shearman & Sterling LLP
Related
On July 4, 1776, the thirteen American colonies formally severed their ties to the English throne an...
Read More >
With Super Tuesday coming up on March 3, 2020, it’s smart for employers to have a plan on how to ha...
Read More >
Seyfarth Synopsis: Governor Murphy has signed multiple Executive Orders which will lessen the COVID-...
Read More >
What constitutes sexual harassment? In the sense of Czech law, sexual harassment is a special type ...
Read More >
New Jersey Governor Phil Murphy signed Executive Order #142 on Wednesday, May 13, 2020, permitting s...
Read More >
On February 28, 2020, the Texas Supreme Court reversed a ruling from the First Court of Appeals in H...
Read More >