31Jul
Delaware Supreme Court Upholds Unaffected Market Price in Statutory Appraisal Action
The Situation: Stockholders sought appraisal—judicial determination of the "fair value" of their stock—in connection with a merger. The Delaware Court of Chancery found that the fair value was equal to the company's unaffected market price, which was less than the deal price. The Delaware Supreme Court affirmed. Fir Tree Value Master Fund, LP v. Jarden Corp., 2020 WL 3885166 (Del. July 8, 2020). The Result: The unaffected market price may be the most reliable indicator of fair value where a...
By:
Jones Day
Related
A New York federal court recently dismissed a putative class action alleging that a line of dog food...
Read More >
Seyfarth Synopsis: OSHA reminds employers of the hazards of distracted driving. OSHA has recently ...
Read More >
On August 23, 2019, the National Labor Relations Board ("NLRB") determined that property owners may ...
Read More >
Companies' Owner Subjected a Female Employee to Sexual Harassment, Then Fired Her for Complaining, F...
Read More >
A contractor (as the Named Insured) hired by a developer (added as an Additional Insured) but only w...
Read More >
On September 17, 2019, the U.S. Department of the Treasury published proposed regulations to impleme...
Read More >