More Valuation Data Do Not Ensure Fair Class Action Settlement

Business Valuation UpdateVol. 22 No. 4
Legal and Court Case Update
April 2016

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shareholder dissent/oppression
discount rate, breach of fiduciary duty, comparable companies analysis, discounted cash flow (DCF), dissenting shareholder, market approach, multiple, growth rate, earnings before interest, taxes, depreciation, amortization (EBITDA), precedent transactions analysis
In re Trulia Stockholder Litig.
2016 Del. Ch. LEXIS 8
January 22, 2016
US
State Court
Delaware
Court of Chancery
J.P. Morgan (defendant); N/A (plaintiffs)
Bouchard (Chancellor)

Summary

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.

See Also

In re Trulia Stockholder Litig.

Full Text of Court Cases
January 22, 2016

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.