Court of Chancery of Delaware

In a combined appraisal and entire fairness action, judgment on a breach of fiduciary duty claim is entered in favor of minority stockholders of a company which owned MRI centers where the minority stockholders did not receive fair value in a squeeze-out merger with an acquisition vehicle of the majority stockholders.

Appellate Information

• Decided 04/26/2006
• Published 05/12/2006

Judges

Court

• Court of Chancery of Delaware

Counsel

• For Appellees:
  
• Cathy L. Reese, Esquire, Titania R. Mack, Esquire, Greenberg Traurig, LLP, Wilmington, Delaware;  Douglas Evan Ress, Esquire, Kaufman, Coren & Ress, PC, Philadelphia, Pennsylvania, Attorneys for Respondents/Plaintiffs., David E. Wilks, Esquire, Thad J. Bracegirdle, Esquire, Buchanan Ingersoll PC, Wilmington, Delaware;  Howard D. Scher, Esquire, Steven E. Bizar, Esquire, Eliot G. Long, Esquire, Buchanan Ingersoll PC, Philadelphia, PA, Attorneys for Petitioner/Defendants.