In re Rural Metro Corp. Stockholders Litigation

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March 7, 2014

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4119 Local Passenger Transportation, NEC
621910 Ambulance Services
shareholder dissent/oppression
beta, discount rate, conflict of interest, disclosure, discounted cash flow (DCF), going concern, merger, projections, debt, valuation, emergency medical services, fiduciary duty
In re Rural Metro Corp. Stockholders Litigation
2014 Del. Ch. LEXIS 36
US
State Court
Delaware
Court of Chancery
Kevin Dages (plaintiffs); Prof. Thomas Lys (defendant)
Laster

Summary

Financial advisor aided and abetted directors’ breach of fiduciary duty by causing ill-timed, below-fair-value sale of the company based on manipulated valuation analysis, including false and material information related to precedent transaction analyses.
In re Rural Metro Corp. S’holders Litig.
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