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Litigation Partners Author Article on Dell Appraisal Decision
June 21, 2016 read the article
Litigation partners Lewis Clayton and Stephen Lamb
co-authored a client memorandum that was featured on the
Harvard Law School Forum on Corporate Governance and Financial
Regulation website. The article, titled "Implications of the
Recent Dell Appraisal Decision," discusses a decision by the
Delaware Court of Chancery that held that the fair value of the
common stock of Dell Inc. at the time of its sale to a group
including company founder Michael Dell was almost a third higher
than the transaction price. The decision has received a great deal
of media attention and might encourage some stockholders of
Delaware companies to seek appraisal; however, as the authors
explain, there are powerful reasons why the ruling should be
limited to its particular facts.
The Harvard Law School Forum on Corporate Governance and
Financial Regulation is co-sponsored by the Harvard Law School
Program on Corporate Governance, the Program on Institutional
Investors and the Program on Law and Finance. The program seeks to
facilitate research and public discourse about corporate
governance.