Paskill v. Alcoma

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June 16, 1999

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6726 Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices
525990 Other Financial Vehicles
shareholder dissent/oppression
fair value, net asset value, american institute of certified public accountants (AICPA), cash-out merger
Paskill v. Alcoma
1999 Del. Ch. LEXIS 129
US
State Court
Delaware
Court of Chancery
Steele

Summary

At issue is the fair value of the plaintiff's cashed-out minority shareholders' shares of Okeechobee Inc., which merged with the defendant company.

See Also

Investment Company Fair Value Includes Capital Gains Tax Discount, But No Sales Expense Adjustment

Legal and Court Case Update
June 16, 1999

This judicial appraisal action arose out of the cash-out merger of Okeechobee Inc. with its majority shareholder, Alcoma Corp.