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State Courts -
Delaware - August 19 - August 21, 2005
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Andaloro v. PFPC Worldwide, C.A. No. 20336, C.A. No. 20289,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, August 19, 2005, Decided , August 19, 2005, Filed
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Overview: In appraisal action filed by chief administrative officer and another minority stockholder, chancery court found that valuation of acquired corporation as of date of merger was $ 32.81. In making this determination, chancery court relied mostly on discounted cash flow method but partly relied on valuation of comparable companies.
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Higgins v. Walls, C.A.NO. 03C-10-175-JRS,
SUPERIOR COURT OF DELAWARE, NEW CASTLE, August 19, 2005, Decided
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Overview: Two property owners were not liable to an injured motorist struck by a bullet from a hunter on their properties under Del. Code Ann. tit. 7, ? 5901 et seq. or Del. Code Ann. tit. 25, ? 1501 because one was not present and the other had no knowledge of hunting activities on his land. The issuer of the hunting license, however, was not immune.
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