Delaware Chancery Cobbles Capitalization of Earnings Value From Dueling Experts

Business Valuation UpdateVol. 17 No. 5
Legal and Court Case Update
May 2011
dissenting shareholder

Reis v. Hazelett Strip-Casting Corp.
2011 WL 303207 (Del. Ch.)
January 21, 2011
US
State Court
Delaware
Court of Chancery
Timothy Meinhart (plaintiff); Sheldrick, McGehee & Kohler LLC (defendants)
Laster

Summary

Delaware Chancery Court makes substantial normalizing adjustments to capitalization of earnings values from “dueling” experts to determine fair value for fractional interests created by company’s reverse stock split.

See Also

Reis v. Hazelett Strip-Casting Corp.

DE Chancery Court makes substantial normalizing adjustments to capitalization of earnings values from “dueling” experts to determine fair value for fractional interests created by company’s reverse stock split.