Summary
Appellate court affirms that, absent showing of fraud, a board’s determination of fair value in the context of a reverse stock split is conclusive.
U.S. Bank, N.A. v. Cold Spring Granite Co. (I)
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See Also
In Minnesota, Directors’ Determination of FV Is Binding, Absent Fraud
Appellate court affirms that, absent showing of fraud, a board’s determination of fair value in the context of a reverse stock split is conclusive.