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
dissenting shareholder
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.