Seagraves v. Urstadt Property

BVLaw
Full Text of Court Cases
April 1, 1996
6798 Real Estate Investment Trusts
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
dissenting shareholder
entire fairness

Seagraves v. Urstadt Property
1996 Del. Ch. LEXIS 36
US
State Court
Delaware
Court of Chancery
Jacobs

Summary

At issue is the plaintiffs claim that the PUMG directors breached their fiduciary duties by engaging in unfair dealing and by violating their duty of disclosure in connection with the merger.

See Also

'Entire Fairness' Needed for Exclusive Appraisal Remedy

Judge Jacobs denied a motion for summary judgment to dismiss a class action suit and allow plaintiffs only the appraisal remedy.