Stock Redemption Rights Turn on More Than Finding Balance Sheet Surplus

Business Valuation UpdateVol. 17 No. 2
Legal and Court Case Update
February 2011
7372 Prepackaged Software
securities litigation

SV Investment Partners v. Thoughtworks, Inc.
2010 WL 4547204 (Del. Ch.)
September 8, 2010
US
State Court
Delaware
Court of Chancery
Laura Stamm
Laster

Summary

Delaware Chancery finds that “funds legally available” for corporate stock redemption requires more than calculating a balance sheet surplus valuation.

See Also

SV Investment Partners v. Thoughtworks, Inc.

Delaware Chancery finds that “funds legally available” for corporate stock redemption requires more than calculating a balance sheet surplus valuation.