The Delaware Court of Chancery, in In re PLX Technology, Inc. Stockholders Litigation, C.A. No. 9880-VCL (consol.), memo. op. (Del. Ch. Oct. 16, 2018), found quasi-appraisal the correct measure of damages for a merger that resulted from breaches of fiduciary breaches, but found deal price provided a more reliable value indicator than plaintiffs’ DCF.
Paul Hastings discusses the decision in PLX Likely Stands On Its Own, But Has Room To Grow.