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Litigation Partner Co-Authors Article on Dell Appraisal Decision
June 21, 2016 read the article
Litigation partner Lewis Clayton co-authored a client memorandum that was featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation website. The article, titled "Implications of the Recent Dell Appraisal Decision," discusses a decision by the Delaware Court of Chancery that held that the fair value of the common stock of Dell Inc. at the time of its sale to a group including company founder Michael Dell was almost a third higher than the transaction price. The decision has received a great deal of media attention and might encourage some stockholders of Delaware companies to seek appraisal; however, as the authors explain, there are powerful reasons why the ruling should be limited to its particular facts.
The Harvard Law School Forum on Corporate Governance and Financial Regulation is co-sponsored by the Harvard Law School Program on Corporate Governance, the Program on Institutional Investors and the Program on Law and Finance. The program seeks to facilitate research and public discourse about corporate governance.