'Entire Fairness' Needed for Exclusive Appraisal Remedy

Business Valuation UpdateVol. 2 No. 6
Legal and Court Case Update
June 1996
6798 Real Estate Investment Trusts
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
shareholder dissent/oppression
entire fairness

Seagraves v. Urstadt Property
1996 Del. Ch. LEXIS 36
April 1, 1996
State Court
Court of Chancery


Judge Jacobs denied a motion for summary judgment to dismiss a class action suit and allow plaintiffs only the appraisal remedy.

See Also

Seagraves v. Urstadt Property

At issue is the plaintiffs claim that the PUMG directors breached their fiduciary duties by engaging in unfair dealing and by violating their duty of disclosure in connection with the merger.