Tennessee Sticks With Delaware Block Method in Judicial Appraisals

BVLaw
Court Case Digests
October 17, 2016
7311 Advertising Agencies
541810 Advertising Agencies
shareholder dissent/oppression
expert testimony, fair value, discounted cash flow (DCF), dissenting shareholder, merger, projections, valuation methods, delaware block rule, revenue forecasts

Athlon Sports Communications, Inc. v. Duggan (I)
2016 Tenn. App. LEXIS 773
US
State Court
Tennessee
Court of Appeals
Michael Collins (plaintiff); Jaime C. d’Almeida (defendants)
Swiney

Summary

Appeals court says trial court followed applicable law when it used Delaware block method to determine fair value of dissenting shareholders’ interests; court declines to change law on valuation, saying reversal must come from state Supreme Court.

See Also

Athlon Sports Communications, Inc. v. Duggan (I)

Appeals court says trial court followed applicable law when it used Delaware block method to determine fair value of dissenting shareholders’ interests; court declines to change law on valuation, saying reversal must come from state Supreme Court.

Tennessee Sticks With Delaware Block Method in Judicial Appraisals

Appeals court says trial court followed applicable law when it used Delaware block method to determine fair value of dissenting shareholders’ interests; court declines to change law on valuation, saying reversal must come from state Supreme Court.