In re Dole Food Co. (Dole II)

BVLaw
Full Text of Court Cases
February 27, 2015
2033 Canned Fruits, Vegetables, Preserves, Jams, and Jellies
311421 Fruit and Vegetable Canning
shareholder dissent/oppression
expert testimony, rule 702, expert report

In re Dole Food Co. (Dole II)
2015 Del. Ch. LEXIS 47
US
State Court
Delaware
Court of Chancery
Seth Ferguson/Stifel, Nicolaus & Company, Inc. (defendants); unknown (plaintiffs)
Laster

Summary

Chancery says defendant’s valuation expert cannot be corporate entity, i.e., its investment banker, because only a biological person may serve as an expert witness; but firm may substitute a managing director provided he first has adopted expert reports.
In re Dole Food Co., Inc. Stockholder Litigation (Dole II)
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See Also

Can a Valuation Firm Serve as Expert Witness?

Chancery says defendant’s valuation expert cannot be corporate entity, i.e., its investment banker, because only a biological person may serve as an expert witness; but firm may substitute a managing director provided he first has adopted expert reports.