Fair value: a view from the Delaware Court of Chancery bench

Business Valuation UpdateVol. 5 No. 9
September 1999
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA
fair value, discounted cash flow (DCF), burden of proof


Vice Chancellor Jack B. Jacobs has served on the Delaware Chancery Court bench for 14 years. He has written many widely quoted opinions on fair value in statutory appraisals and breach of fiduciary du ...