November 10, 2016
Delaware: Roadmap for Appraisal Fee Awards
This Fox Rothschild blog flags the Delaware Chancery Court’s opinion in the latest iteration of the Dell appraisal case – & says that it may serve as a roadmap for determining fee awards in future appraisal proceedings. Here’s an excerpt:
In re Appraisal of Dell Inc. provides a useful discussion of the Court of Chancery’s calculation of a fee award in an appraisal case based on the benefit conferred to the dissenting stockholders. The decision discusses when expenses should be deducted from the benefit conferred before calculating the fees, and other issues of import. This opinion will undoubtedly serve as a roadmap for future fee awards granted in appraisal cases.
– John Jenkins