Court Finds Financial and Legal Advisors Not Independent

Business Valuation UpdateVol. 3 No. 8
Legal and Court Case Update
August 1997

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3339 Primary Smelting and Refining of Nonferrous Metals, Except Copper and Aluminum
331410 Nonferrous Metal (except Aluminum) Smelting and Refining
shareholder dissent/oppression
shareholder dispute
Kahn v. Tremont
694 A.2d 422, 1997 Del. LEXIS 205
June 10, 1997
US
State Court
Delaware
Supreme Court
Walsh

Summary

Plaintiff Alan Kahn appealed the decision the Court of Chancery handed down that approved the purchase of 7.8 million shares of NL Industries by Tremont Corp.

See Also

Kahn v. Tremont

Full Text of Court Cases
June 10, 1997

At issue is whether the court erred on its burden of proof allocation regarding the entire fairness of a purchase transaction and whether the circumstances surrounding the purchase of NL Industries indicate that the process was tainted.