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

BVLaw
Full Text of Court Cases
June 8, 2018
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 (II)
2018 Tenn. LEXIS 310
US
State Court
Tennessee
Supreme Court
Michael Collins (plaintiff); Jaime C. d’Almeida (defendants)
Kirby

Summary

Court overrules precedent requiring exclusive use of Delaware block method to determine fair value in dissenting shareholder cases; trial courts may use other, more “modern” methods, including forward-looking DCF analysis, state high court says and remands for reevaluation of earlier ruling.
Athlon Sports Communications, Inc. v. Duggan (Athlon II)
PDF, Size: 254 KB

See Also

Delaware Block Method No Longer Mandatory in Tennessee Fair Value Proceedings

Court overrules precedent requiring exclusive use of Delaware block method to determine fair value in dissenting shareholder cases; trial courts may use other, more “modern” methods, including forward-looking DCF analysis, state high court says and remands for reevaluation of earlier ruling.