Paskill v. Alcoma

BVLaw
Full Text of Court Cases
June 16, 1999
6726 Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices
525990 Other Financial Vehicles
dissenting shareholder
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

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