Cashed-Out Stockholders Seek Intrinsic Value of Stock, Not Book Value

Business Valuation UpdateVol. 4 No. 4
Legal and Court Case Update
April 1998
6141 Personal Credit Institutions
522291 Consumer Lending
breach of fiduciary duty
breach of fiduciary duty

Grubb v. Bagley
1998 Del. Ch. LEXIS 30
February 25, 1998
State Court
Court of Chancery


Defendants seek summary judgment on claims by minority shareholders who were cashed out in a merger where the unaffiliated stockholders received $200 cash for each of their shares in Herget Financial.

See Also

Grubb v. Bagley

At issue is breach of fiduciary duty and breach of a stockholders' agreement.