In Re: Sunbelt

VERDICT

Trial
04/14/09 – 04/17/09

Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2
Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

Suit brought by competitor and former minority shareholder of Sunbelt seeking rescissory relief for a statutory cash-out-merger that occurred in August 1997.

Outcome

The court determined that the fair value of Sunbelt Beverage Corporation at the time of the Merger was $114.04 per share. Defendant’s motion to strike exhibit A to Goldring’s post-trial answering brief was granted

Goldring entilted to:
-pro rata share of Sunbelt’s fair value on the date of the Merger
-pre- and post-judgment interest, compounded quarterly, at a rate of five percent above the Federal Reserve discount rate on each day of the relevant time period
-all court and filing costs and experts’ fees

Sessions

AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
APR
15
AM Session
Not in Session
0 Chapters
APR
16

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