DE Chancery Accused of Becoming Its ‘Own Expert Witness’

Business Valuation UpdateVol. 18 No. 12
Legal and Court Case Update
December 2012
1099 Miscellaneous Metal Ores, NEC
212299 All Other Metal Ore Mining
dissenting shareholder

Americas Mining Corporation v. Theriault
2012 Del. LEXIS 459
August 27, 2012
US
State Court
Delaware
Supreme Court
Daniel Beaulne (plaintiffs); Eduardo Schwartz (defendants)
Holland

Summary

Delaware Supreme Court affirms $2 billion award for minority shareholders, based on finding that Chancery Court did not become “its own expert witness” in calculating fair value of shares from various sources, including expert DCF values.

See Also

Americas Mining Corporation v. Theriault

Teaser: Delaware Supreme Court affirms $2 billion award for minority shareholders, based on finding that Chancery Court did not become “its own expert witness” in calculating fair value of shares from various sources, including expert DCF values.