Dissent Case Cites Delaware Law But Applies Its Own Interpretation

Business Valuation UpdateVol. 3 No. 4
Legal and Court Case Update
April 1997

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6021 National Commercial Banks
522110 Commercial Banking
shareholder dissent/oppression
investment value, delaware block rule
Berens v. Ludwig
953 F. Supp. 249, 1997 U.S. Dist. LEXIS 1551
February 13, 1997
US
Federal Court
Illinois
United States District Court
Alesia

Summary

A bank consolidation gave rise to minority stockholders' appraisal rights, which Berens exercised.

See Also

Berens v. Ludwig

Full Text of Court Cases
February 13, 1997

At issue is the plaintiff's claim that the comptroller's, the defendant, appraisal of his stock in a bank was conducted in an arbitrary and capricious manner and the appraisal should be set aside.