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Group A bought Dell stock with the intention of legally seeking a higher appraisal. But Delaware corporate law has a strange feature of saying appraisal seekers
by xanderjanz 11y ago
Group A bought Dell stock with the intention of legally seeking a higher appraisal. But Delaware corporate law has a strange feature of saying appraisal seekers must own their shares continuously after demanding appraisal. But in this case, Group A's bank had changed ownership of the stock with another bank "behind the scenes", which caused a Delaware judge to reluctantly rule Group A's appraisal rights void.
- mirimir 11y agoThanks! My eyes tend to glaze, reading about arcane finance. So how come Group A's bank isn't liable for any loss that A incurred?