A recent article from Law 360 [$$$] broke down the important considerations from the 2020 appraisal decisions of the Delaware Supreme Court and Delaware Court of Chancery. One of the takeaways from authors Lewis Lazarus and Bryan Townsend of Morris James LLP was statutory appraisal remains “an active area of litigation in Delaware,” notwithstanding legislation
Law360 highlights several appraisal decisions in its list of the biggest Delaware cases of 2019. The article notes that among the 2019’s notable Supreme Court decisions was Aruba Verition Partners Master Fund Ltd. et al. v. Aruba Networks Inc., where the Court rejected reliance on Aruba’s stock price in determining fair value. The article
On Nov. 5, 2019, PLI hosted a roundtable on Delaware developments at the 50th Annual Institute on Securities Regulation, where the speakers discussed recent Delaware appraisal decisions. The panel consisted of Patricia O. Vella, Lawrence A. Hamermesh, Lisa A. Schmidt, and the Honorable Collins J. Seitz Jr. Webinar registration can be accessed here.
Cayman Appraisal will be on the docket at the Cross Border Litigation & Restructuring seminar in Hong Kong on October 9. In a program titled “Valuation 101: Section 238 Applications” presenters will cover “Cayman Islands Appraisal Rights: How to determine a fair stock price and what are the relevant remedies for shareholders? What weight