Computer Task Group, Inc. v. Peierls

This appeal presents the question of whether the trial court abused its discretion when it awarded compound interest under section 607.247(8), Florida Statutes (1987), to dissenting shareholders in a corporate merger who had perfected their rights to receive payment for the fair market value of their shares pursuant to the same statute.

The merger took place on February 25, 1988 and when the fair market value of the shares owned by the dissenting shareholders could not be resolved, the dissenters initiated this action on February 25, 1992. Although the initial action was to determine the value…