Delaware Court of Chancery Dismisses Fiduciary Claim Seeking Quasi-Appraisal Remedy
Appraisal Rights
JANUARY 19, 2018
In Kahn v. Stern , an opinion issued by the Delaware Court of Chancery mid last year, the Court dismissed a breach of fiduciary duty claim seeking, among other remedies, quasi-appraisal damages. The case arose out of the sale of Kreisler Manufacturing Corporation (“Kreisler”), a small, thinly-traded (listed only on the pink sheets), public aerospace manufacturing company, to Arlington Capital Partners (“Arlington”).
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