In re Trulia Stockholder Litig.

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January 22, 2016

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6531 Real Estate Agents and Managers
531390 Other Activities Related to Real Estate
shareholder dissent/oppression
discount rate, breach of fiduciary duty, comparable companies analysis, discounted cash flow (DCF), dissenting shareholder, market approach, multiple, growth rate, earnings before interest, taxes, depreciation, amortization (EBITDA), precedent transactions analysis
In re Trulia Stockholder Litig.
2016 Del. Ch. LEXIS 8
US
State Court
Delaware
Court of Chancery
J.P. Morgan (defendant); N/A (plaintiffs)
Bouchard (Chancellor)

Summary

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.
In re Trulia Stockholder Litig.
PDF, Size: 352 KB

See Also

More Valuation Data Do Not Ensure Fair Class Action Settlement

Legal and Court Case Update
April 2016

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.