Delaware Chancery Declines To Stay Appraisal Case Pending Aruba Appeal
Appraisal Rights
MARCH 8, 2018
In the Columbia Pipeline Group appraisal case, as reported in Law360 [$$] , Vice Chancellor Laster rejected the stockholders’ request to stay or, in the alternative, extend the fact discovery deadline for 2 months pending the appeal of the Aruba Networks ruling. The court stated in its March 7 ruling that the shareholders should have known from the outset of the case that Columbia Pipeline’s market price “would be a factor” in the proceedings, and that the Aruba decision did not introduce anyt
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