Posted on April 28, 2010 by Francis G.X. Pileggi

Chancery Decides Appraisal Case; Post-Trial Opinion Determines Terminal Growth Rate; Equity Risk Premium, Beta and Tax Rate of Russian-Based NASDAQ Company

Global GT LP v. Golden Telecom, Inc., C.A. No. 3698-VCS (Del. Ch. Apr. 23, 2010), read opinion here. This 51-page post-trial opinion in an appraisal action is heavily weighted with economic analysis and includes such geopolitical insights as the projected growth of the Russian economy. The copious footnote activity would... Continue Reading...
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Posted on April 19, 2009 by Francis G.X. Pileggi

In Appraisal Action Chancery Court Finds That Fair Value for Preferred Shares Based on Language in Certificate of Designation

In Re: Appraisal of Metromedia Int’l Group Inc, Del. Ch., No. 3351-CC (April 16, 2009), read opinion here. Kevin Brady, a highly respected Delaware litigator, provides us with the benefit of his following review of this case. On April 16, 2009, in a post-trial decision in a consolidated appraisal proceeding,... Continue Reading...
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Posted on December 2, 2008 by Francis G.X. Pileggi

Supreme Court Reverses Appraisal Opinion

In Crescent/Mach I Partners L.P. v. Dr. Pepper Bottling Co. of Texas, (Del. Supr., December 1, 2008), read opinion here, the Delaware Supreme Court (in a rare occurrence) reversed the Chancery Court on a procedurally unusual basis in an appraisal case that was previously highlighted on this blog here. (That... Continue Reading...
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