The Review of Securities & Commodities Regulation recently published “The Shift in Delaware Appraisal Litigation” (full article $$$), suggesting, as have other authors, that Delaware appraisal has moved to a realm where process questions are central to the appraisal analysis. This will be little surprise to readers of this blog; while appraisal is distinct
Informed Consent to Merger Price
Is the Sales Process the Future Main Battleground of Appraisal?
Probably – at least according to this analysis posted on the Harvard Corporate Governance Forum. The analysis provides extensive discussion of Norcraft and Solera**, two recent decisions we’ve also noted.
The authors conclusion will be familiar to regular readers of this blog: “appraisal decisions likely will continue to focus on many of the…
Newly Appointed Delaware Chancellor, With Extensive Background in Shareholder Litigation, Brought At Least One Appraisal Rights Petition While in Private Practice
By Steve Hecht on
Posted in Fair Value, Informed Consent to Merger Price
Last month the Delaware governor appointed attorney Andre Bouchard to take the helm of Delaware’s Chancery Court, where he will assume the Chancellor’s position vacated by Chancellor Strine’s elevation to the Delaware Supreme Court. The seventy-eight reported decisions that bear Mr. Bouchard’s name don’t tell the full story of the cases he has handled during…