The Delaware Court of Chancery (the Court) is the preeminent forum for corporate disputes in the United States. Renowned for its specialization in fiduciary duty and valuation disputes, the Court’s decisions are followed closely by corporate executives, litigators, and judges around the country. Below we provide summaries of nine of the Court’s key valuation-related decisions issued between July 2023 to June 2024. The cases include topics ranging from appraisal actions to equity compensation and damages analyses.
For more than 25 years, litigators and their clients have trusted experts from The Griffing Group to provide best-in-class valuation and damages analysis and testimony in major cases before the Court. With five seasoned experts who have testified in more than 50 Chancery cases, the depth of our experience and the strength of our track record is unparalleled among expert firms. We continuously monitor developments in the Court and are pleased to provide summaries of the following cases:
1.) NetApp, Inc. v. Albert E. Cinelli, et al.
C.A. No. 2020-1000-LWW (Del. Ch.
August 2, 2023)
2.) HBK Master Fund L.P., et al. v. Pivotal
Software, Inc.
C.A. No. 2020-0165-KSJM (Del. Ch. August 14,
2023, Corrected March 12, 2024)
3.) Gener8, LLC and Symbient Product
Development, LLC v. Scott Castanon
C.A. No. 2022-0426-LWW (Del. Ch.
September 29, 2023)
4.) In re Straight Path Communications Inc.
Consol. Stockholder Litigation
5.) In re Sears Hometown and Outlet Stores,
Inc. Stockholder Litigation
6.) Richard J. Tornetta v. Elon Musk, et al.
7.) Paul S. Buddenhagen v. Barry L. Clifford
8.) William J. Brown v. Matterport, Inc.
and Matterport Operating, LLC
9.) Vivint Solar, Inc. v. Jim Lundberg
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Please note that the summaries focus on valuation issues contained within the opinions. The Griffing Group is not providing legal, accounting, or valuation advice in this document. Readers should consult the full opinions for each case with links provided herein.
