Supreme Court of Delaware

In a statutory appraisal action arising from a cash-out merger of minority shareholders, the Court of Chancery's improperly used a 19.89% discount rate that was contrary to the law of the case.

Appellate Information

• Decided 05/05/2005
• Published 05/05/2005

Judges

• RIDGELY, Justice., Before STEELE, Chief Justice, HOLLAND and RIDGELY, Justices.

Court

• Supreme Court of Delaware

Counsel

• For Appellant:
  
• Robert K. Payson, Esq., Arthur L. Dent, Esq., of Potter, Anderson & Corroon LLP, Wilmington, Delaware, Gary J. Greenberg, Esq. (argued), New York, New York for Appellants.


• For Appellees:
  
• Thomas J. Allingham, Esq. (argued), Edward B. Micheletti, Esq., James A. Whitney, Esq., of Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, Delaware for Appellee.