Acquisition Price of Liable Company Must Be Analyzed When Used as a Basis for Damages in Corporate Raid Case

Business Valuation Update BVLaw
Legal and Court Case Update
January 26, 2005

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tort
Storage Technology Corp. v. Cisco Systems, Inc.
No. 03-3673 (8th Cir. 2005)
US
Federal Court
8th Circuit
United States Court of Appeals
George Norton <br>
Gibson

Summary

The U.S. Court of Appeals affirmed a lower court’s dismissal of an action based on failure to evidence damages in this corporate raiding case.

See Also

Storage Technology Corp. v. Cisco Systems, Inc.

Full Text of Court Cases
January 26, 2005

The U.S. Court of Appeals affirmed a lower court’s dismissal of an action based on failure to evidence damages in this corporate raiding case. While expert testimony was presented that indicated the purchase price of the liable company (acquired by Cisco ...