Minority Shareholder Has No Standing to Challenge Disclosures, Can Pursue Claim for Breach of Fiduciary Duty

Business Valuation Update BVLaw
Legal and Court Case Update
March 29, 2000
2514 Metal Household Furniture
337124 Metal Household Furniture Manufacturing
breach of fiduciary duty
breach of fiduciary duty, tender offer

Andra v. Blount
772 A.2d 183, 2000 Del. Ch. LEXIS 56
State Court
Court of Chancery


This case involves a tender offer/back-end merger the defendants initiated.

See Also

Andra v. Blount

Issue was whether a minority stockholder with appraisal rights could pursue claim that back-end merger price was rendered unfair by the defendants' breaches of fiduciary duty.