Court of Chancery Explains Appraisal Valuation Process
Crescent/Mach I Partnership LLP v. Turner, C.A. 17455-VCN (May 2, 2007).
Predicting how the Court of Chancery will determine value in an appraisal proceeding is a difficult task. To some extent, each appraisal case will involve a battle of experts. Which side will ultimately prevail can be hard to predict, at least before cross examination. Further, the discounted cash flow approach frequently used by the Court of Chancery can be complicated. This decision offers a primer on that process and is well worth the trip for those willing to put in the time.Share