Lack of Entire Fairness Results in $8 Million Disgorgement

Business Valuation UpdateVol. 6 No. 1
Legal and Court Case Update
January 2000

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4813 Telephone Communications, Except Radiotelephone
517311 Wired Telecommunications Carriers
breach of fiduciary duty
breach of fiduciary duty
Bomarko v. International Telecharge
794 A.2d 1161, 1999 Del. Ch. LEXIS 211
November 4, 1999
US
State Court
Delaware
Court of Chancery
Dr. Donald J. Puglisi (for plaintiff) <br> Mr. Much (for defendant)
Lamb

Summary

This combined appraisal and breach of fiduciary duty action arises out of a series of transactions that culminated in the merger of International Telecharge Inc. (ITI) and Long Distance Communications Inc.

See Also

Bomarko v. International Telecharge

Full Text of Court Cases
November 4, 1999

At issue in this fiduciary duty action case is the valuation of International Telecharge, a telephone service provider.