In re OM Group, Inc. Stockholders Litig.

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October 12, 2016

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2899 Chemicals and Chemical Preparations, NEC
325998 All Other Miscellaneous Chemical Product and Preparation Manufacturing
breach of fiduciary duty
breach of fiduciary duty, projections, enterprise value (MVIC), fairness opinion, earnings before interest, taxes, depreciation, amortization (EBITDA), cash-out merger, business judgment, standard of review
In re OM Group, Inc. Stockholders Litig.
2016 Del. Ch. LEXIS 155
US
State Court
Delaware
Court of Chancery
unknown (plaintiffs); unknown (defendants)
Slights

Summary

Per business judgment rule, court dismisses shareholder complaint that board members breached fiduciary duties by rushing to sell entire company where financial advisor had stated separate sales of company’s various business units would maximize value.
In re OM Group, Inc. Stockholders Litig.
PDF, Size: 381 KB

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Court Case Digests
October 12, 2016

Per business judgment rule, court dismisses shareholder complaint that board members breached fiduciary duties by rushing to sell entire company where financial advisor had stated separate sales of company’s various business units would maximize value.