Doft & Co., et al. v. Travelocity.com Inc., et al.

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Full Text of Court Cases
May 21, 2004
8021 Offices and Clinics of Dentists
dissenting shareholder

Doft & Co., et al. v. Travelocity.com Inc., et al.
No. 19734 (Del. Chan. 2004)
US
State Court
Delaware
Court of Chancery
Alan J. Stone, James G. McMillan III, Norman M. Monhait, Thomas M. Skelton
Paul A. Gompers, Ph.D. <br> William H. Purcell <br>
Lamb

Summary

The Delaware Court of Chancery determined the fair value of public shares of Travelocity.com, Inc. The court rejected a valuation using the discounted cashflow method because the industry was still in its infancy and therefore management’s projections wer ...
Doft & Co., et al. v. Travelocity.com Inc., et al.
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