Andrews Corporate Officers and Directors Liability Litigation Reporter
August 13, 2001
Copyright (c) 2001 Andrews Publications
CREDITOR CONCESSIONS WON'T BE CONSIDERED IN DETERMINING MARKET VALUE
Allenson v. Midway Airlines Corp.
The Delaware Chancery Court has rejected an appraisal action by shareholders of Midway Airlines Corp. whoasserted that certain creditor concessions granted to Midway's purchaser as a precondition of the carrier'sacquisition should have been factored...