High Court Dissent Rebukes Chancery’s Analysis in Option Valuation Case

BVLaw
Court Case Digests
June 6, 2016
3841 Surgical and Medical Instruments and Apparatus
339112 Surgical and Medical Instrument Manufacturing
securities litigation
fair value, corporate tax, discounted cash flow (DCF), evidence, fair market value (FMV), merger, statutory appraisal, stock options, projections, accounting, standard of review

Cdx Holdings, Inc. v. Fox (Fox II)
2016 Del. LEXIS 334
US
State Court
Delaware
Supreme Court
Unknown (Plaintiffs); Grant Thornton, PwC (Defendants)
Holland

Summary

In medical company valuation case, high court affirms award to option holders based on deference owed to trial court’s findings of historical fact; dissent says Chancery’s dismissal ...

See Also

Cdx Holdings, Inc. v. Fox (Fox II)

In medical company valuation case, high court affirms award to option holders based on deference owed to trial court’s findings of historical fact; dissent says Chancery’s dismissal of board members’ valuation testimony evinces Chancery’s hindsight bias.

High Court Dissent Rebukes Chancery’s Analysis in Option Valuation Case

In medical company valuation case, high court affirms award to option holders based on deference owed to trial court’s findings of historical fact; dissent says Chancery’s dismissal ...