Header graphic for print
Appraisal Rights Litigation Blog

Monthly Archives: December 2015

Delaware Chancery Recognizes Quasi-Appraisal Remedy, But Stockholders Here Were Too Late

Posted in Quasi-Appraisal

In last month’s decision in Houseman v. Sagerman, Vice Chancellor Glasscock addressed the common law analogue to Delaware’s appraisal rights statute – the remedy of “quasi-appraisal” for a breach of fiduciary duty.  In the November 19 opinion, the court described a long litigation history stemming from the merger of Universata, Inc., into an LLC purchaser. … Continue Reading

Dole Take-Private Class Litigation Resolved By $114 Settlement Payment; New Lawsuit Just Filed

Posted in Award Premium

As reported in Law360, Dole shareholders have settled their class action arising from the Company’s 2013 take-private deal for a $114 million payout.  In August 2015, the Delaware Chancery Court had awarded Dole shareholders $148 million, in a combined appraisal and entire fairness action.  The settlement thus disposes of the Dole shareholders’ appraisal case as… Continue Reading