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Join the Securities Litigation and Enforcement Group on LinkedInDelaware Supreme Court: No Coverage for Appraisal Action | The D&O Diary
One of the hotly contested issues in recent years has been whether or not there is D&O insurance coverage for shareholder appraisal actions. In a recent decision that was largely focused on choice of law issues, the Delaware Supreme Court affirmed the trial court’s dismissal of a policyholder’s action to try to obtain coverage for […]
The Growth of Appraisal Litigation in Delaware — The Harvard Law School Forum on Corp. Gov. and Fin. Reg.
Numerous commentators and academics have written about the growth of M&A litigation over the last several years. Less noticed, but perhaps more significant, has been the growing tendency of institutional and other large investors to exercise their appraisal rights under Delaware law. Investors in several recent high-profile mergers have announced their intention to, or sought […]