Shiftan v. Morgan Joseph Holdings, Inc.

BVLaw
Full Text of Court Cases
January 13, 2012
6211 Security Brokers, Dealers, and Flotation Companies
523110 Investment Banking and Securities Dealing
securities litigation
fair value, appraisal, merger, redemption, preferred stock

Shiftan v. Morgan Joseph Holdings, Inc.
2012 Del. Ch. LEXIS 11
US
Federal Court
Delaware
Court of Chancery
unknown (petitioners); unknown (defendants)
Strine

Summary

In merger-related appraisal action Del. Chancery agrees with petitioning shareholders that fair value assessment of company as going concern must include the redemption value provided for in the original Certificate of Incorporation.
Shiftan v. Morgan Joseph Holdings, Inc.
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