The Financial Times [$$] reported on the Delaware Supreme Court’s ruling addressing the efficient markets hypothesis in an article analyzing the Aruba decision.
Delaware Supreme Court to Address Efficient Markets in Aruba
Law360 [$$] ran this piece today, Are Delaware Courts Last To Believe In Efficient Markets?, discussing Delaware Chancery’s Aruba decision, its treatment of the efficient market hypothesis, and the Supreme Court’s upcoming hearing of the appeal, which will take place this Wednesday, March 27, 2019.
We have written on Aruba previously, along with its
Aruba Set for Argument Before Del. Supreme Court
On March 27, 2019, at 10 a.m., the Delaware Supreme Court will hold argument in the Aruba Networks appraisal case.
We’ve covered the Aruba decision before, along with some of the impact the case has had on the appraisal landscape. Little doubt the argument before the Delaware Supreme Court will be enlightening to
Motion for Reargument Denied in Aruba
Delaware Chancery Declines To Stay Appraisal Case Pending Aruba Appeal
In the Columbia Pipeline Group appraisal case, as reported in Law360 [$$], Vice Chancellor Laster rejected the stockholders’ request to stay or, in the alternative, extend the fact discovery deadline for 2 months pending the appeal of the Aruba Networks ruling. The court stated in its March 7 ruling that the shareholders should have
Chancery Court Hands Down Ruling in Aruba Networks
Today Vice Chancellor Laster issued his ruling in the Aruba Networks appraisal case. The award set the stock’s fair value at Aruba’s thirty-day average unaffected market price, which was $17.13 per share, well below the merger price of $24.67.