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Appraisal Rights Litigation Blog

Monthly Archives: January 2017

Delaware Supreme Court Allows Law Professors to Be Heard in DFC Global Appeal

Posted in Award Premium, Merger Price, Supreme Court

We have posted before about the amicus brief that a collection of law professors has asked to put before the Delaware Supreme Court as it hears the DFC Global appeal.  On Friday, the Supreme Court granted their request and will consider their submission advocating that the chancery courts should defer to the merger price when… Continue Reading

A Critique of Pegging Appraised Fair Value at Merger Price

Posted in Award Premium, Blow Provisions, Fair Value, Merger Price, Shareholder Vote

In a new post by the Harvard Law School Forum on Corporate Governance and Financial Regulation, Professor Albert Choi (Virginia Law School) and Professor Eric Talley (Columbia Law School) present their new working paper, which asks how best to measure “fair value” in an appraisal proceeding. Applying principles of game theory and auction design, the… Continue Reading