Sat.Mar 31, 2018 - Fri.Apr 06, 2018

article thumbnail

Proposal Would Make Technical Changes to Delaware Appraisal Law

Appraisal Rights

The Corporate Council of the Corporation Law Section of the Delaware State Bar Association has put out proposed amendments to Delaware law, including a technical change to Section 262, the statutory basis for Delaware appraisal. Richards Layton, a Delaware law firm, summarizes the proposed amendment : The proposed amendments would amend Section 262(b) of the General Corporation Law to provide that the “market-out” exception to the availability of statutory appraisal rights will apply in connecti

article thumbnail

Shareholders Sue Dr. Pepper Over Deal Structure/Appraisal Rights

Appraisal Rights

If a company structures a merger to avoid appraisal rights, does a shareholder have no recourse? That question will no doubt be part of the debate as City of North Miami Beach v. Dr. Pepper Snapple Group, Inc. is litigated. In a complaint filed in Delaware Chancery court on March 28, 2018, plaintiffs, a putative class of investors in Dr. Pepper, allege that the Dr.