Delaware Business Litigation Report

Court Of Chancery Rejects Management Projections In An Appraisal

LongPath Capital LLC v. Ramtron International Corp.  C.A. No. 8094-VCP (June 30, 2015)

This decision turns on rejecting the projections of management about the future cash flow of the company to be appraised.

Thus, it turns out differently from the recent decision in the Owen v. Cannon litigation because, as the Court explained, the facts are different, particularly when as here the merger price had all indications of being fairly set by the market.

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