New Jersey Follows Delaware Law in Dissenters' Rights Case

Business Valuation UpdateVol. 7 No. 10
Legal and Court Case Update
October 2001
6712 Offices of Bank Holding Companies
551111 Offices of Bank Holding Companies
dissenting shareholder

Gagliano v. Brennan (I)
344 N.J. Super. 83, 780 A.2d 553, 2001 N.J. Super. LEXIS 331
August 1, 2001
US
State Court
New Jersey
Court of Appeals
Donald Musso (for plaintiffs)<br>David Budd (for plaintiffs)<br>David Clarke (for plaintiffs)|Robert Walters (for defendants)|Christopher Hargrove (court-appointed)
Steinberg

Summary

Plaintiff minority dissenting shareholders appealed, and defendant corporation cross-appealed, the trial court valuation of corporate stock.

See Also

Gagliano v. Brennan (I)

At issue are the rights of a shareholder who voted against the plan, but then cashed in his or her shares for the price offered by the corporation to subsequently challenge the method of evaluation.