Sat.Sep 23, 2017 - Fri.Sep 29, 2017

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Delaware Supreme Court Hears Argument in Dell Appraisal**

Appraisal Rights

As reported today in Law360 [$$], the Delaware Supreme Court heard argument yesterday on the chancery court’s ruling in the Dell appraisal case. The court did not render its decision and did not indicate when it would do so. We’ll continue to monitor the docket and post when the ruling comes down. ** Note: this law firm is one of the counsel of record in the Dell case.

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New Study on Appraisal’s Protection of Minority Shareholders

Appraisal Rights

The Harvard Law School Forum on Corporate Governance and Financial Regulation posted yesterday on Merger Negotiations in the Shadow Judicial Appraisal. In this post, Professors Brian Broughman, Audra Boone, and Antonio Macias address the explosion in merger litigation over the past decade and present their empirical study testing the competing explanations of the ex-ante effect of appraisal litigation on M&A activity.