Short Valuation Summary Provided in Connection With a Short-Form Merger Insufficient to Meet Fiduciary Duty of Disclosure

Business Valuation Update BVLaw
Legal and Court Case Update
April 11, 2003

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7812 Motion Picture and Video Tape Production
breach of fiduciary duty
Richard Erickson v. Centennial Beauregard Cellular, LLC
No. 19974 (Del. Chan. 2003)
US
State Court
Delaware
Court of Chancery
Chandler, III

Summary

The Delaware Court of Chancery determined that Centennial did not provide enough information regarding its short-form merger to its minority shareholders to satisfy Centennial's fiduciary duty of disclosure.

See Also

Richard Erickson v. Centennial Beauregard Cellular, LLC

Full Text of Court Cases
April 11, 2003

The Delaware Court of Chancery determined that Centennial did not provide enough information regarding its short form merger to its minority shareholders to satify Centennial's fiduciary duty of disclosure. The court denied Centennial's motion for summary ...