Fiduciary duty claim and appraisal action

In a case involving a combined breach of fiduciary duty claim and appraisal action resulting from a billion-dollar acquisition in the telecom industry, a Brattle principal supported the acquiring company in determining the standalone fair value of the acquired company. He supported a testifying expert to show that the standalone value of the acquired company was $2.13 per share. The Delaware Chancery Court accepted this recommendation in full, resulting in a determination of fair value that was more than 50% below the $5 per share merger consideration.