Paskill v. Alcoma
At issue is the fair value of the plaintiff's cashed-out minority shareholders' shares of Okeechobee Inc., which merged with the defendant company.
Investment Company Fair Value Includes Capital Gains Tax Discount, But No Sales Expense Adjustment
This judicial appraisal action arose out of the cash-out merger of Okeechobee Inc. with its majority shareholder, Alcoma Corp.
Cities Service Company v. Gulf Oil Corporation
The Oklahoma Supreme Court affirmed the jury's decision to award Cities the amount it expensed to repurchase treasury stock in anticipation of a merger with Gulf plus attorney's fees as reliance damages for Gulf's breach of the merger agreement.