Legal Opinion
In re Orchard Enterprises, Inc.
Court of Chancery of Delaware
Decided February 28, 2014No. C.A. No. 7840-VCLPublishedCited by 115 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
In 2010, Dimensional Associates, LLC (“Dimensional”) squeezed out the minority stockholders of The Orchard Enterprises, Inc. (“Orchard” or the “Company”). The merger consideration was $2.05 per share. In 2012, Chief Justice Strine, writing while Chancellor, determined that the fair value of the common stock at the time of the merger was $4.67 per share. See In re Appraisal of The Orchard Enters., Inc., 2012 WL 2923305, at *8 (Del.Ch. July 18, 2012), aff'd, - A.3d -, 2013 WL 1282001 (Del. Mar. 28, 2013) (TABLE). In this plenary action, the plaintiffs contend that…
2Cases cited98 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Malpiede v. TownsonSupreme Court of Delaware · 2001
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3Cited by115 opinions
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- SFF-TIR, LLC v. StephensonDistrict Court, N.D. Oklahoma · 2017
- Miller v. American Capital, Ltd. (In re NewStarcom Holdings, Inc.)United States Bankruptcy Court, D. Delaware · 2016
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