Shareholder appraisal action on behalf of a petitioner

A Brattle principal was retained by a significant shareholder of Calamos Asset Management, a publicly traded company, in connection with appraisal litigation in the Delaware Court of Chancery. The litigation involved the merger by which Calamos was purchased and taken private by its parent company at cash consideration of $8.25 per share. Following the submission of expert reports and deposition testimony by a Brattle principal, our client opted out of the class settlement and separately settled with the defendants on confidential terms.