In re Orchard: Fair Price and Fair Value Standards Call for Equivalent Economic Inquiries
After determining that the statutory “fair value” of a share of the common stock of Orchard Enterprises, Inc. (“Orchard”) was $4.67 in an appraisal proceeding brought by former common stockholders of Orchard, several of whom were represented by Berger Harris LLP attorney Jack Harris, the Delaware Court of Chancery rejected the parties’ competing motions for […]