Lack of Control Premium Dooms a Fairness Opinion?

Business Valuation UpdateVol. 18 No. 1
Legal and Court Case Update
January 2012

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7372 Prepackaged Software
breach of fiduciary duty
Ehrlich v. Phase Forward, Inc.
2011 WL 4978392 (Mass. App. Ct.)
October 21, 2011
US
State Court
Massachusetts
Court of Appeals
none
Katzmann

Summary

Court finds that, under Delaware law, proxy statement and fairness opinion need not disclose the same material financial information as that relied on in statutory appraisal actions.

See Also

Ehrlich v. Phase Forward, Inc.

Full Text of Court Cases
October 21, 2011

Court finds that, under Delaware law, proxy statement and fairness opinion need not disclose the same material financial information as that relied on in statutory appraisal actions.