Henry S. Frank v. H. Jesse Arnelle, et al.

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January 22, 1999

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Henry S. Frank v. H. Jesse Arnelle, et al.
No. 424,1998 (DE 1999))
US
State Court
Delaware
Supreme Court
Maurice A. Hartnett, III <br>

Summary

The Delaware Supreme Court ruled that opinions of value received by a board of directors in connection with the company's Dutch auction were soft information which the directors were not under a duty to disclose. Furthermore, the court concluded that the ...
Henry S. Frank v. H. Jesse Arnelle, et al.
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Opinions of Value Are “Soft Information” Which Are Not Required to Be Disclosed

Legal and Court Case Update
January 22, 1999

The Delaware Supreme Court ruled that opinions of value received by a board of directors in connection with the company's Dutch auction were soft information which the directors were not under a duty to disclose. Furthermore, the court concluded that the ...