Sat.Mar 03, 2018 - Fri.Mar 09, 2018

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Delaware Chancery Declines To Stay Appraisal Case Pending Aruba Appeal

Appraisal Rights

In the Columbia Pipeline Group appraisal case, as reported in Law360 [$$] , Vice Chancellor Laster rejected the stockholders’ request to stay or, in the alternative, extend the fact discovery deadline for 2 months pending the appeal of the Aruba Networks ruling. The court stated in its March 7 ruling that the shareholders should have known from the outset of the case that Columbia Pipeline’s market price “would be a factor” in the proceedings, and that the Aruba decision did not introduce anyt