About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

11 J. Bus. Entrepreneurship & L. 1 (2018)

handle is hein.journals/jbelw11 and id is 1 raw text is: ENTIRE FAIRNESS: A CALL TO PRESERVE DELAWARE DOCTRINE LISA BEI LI* Abstract.................... ..................... ......... 2 I. Introduction ............2................ .................2 II. The Practice of Appraisal Arbitrage ................................. 5 A. What is Appraisal Arbitrage? .................................. 5 B. The Problem with Section 262 .......... .................. 8 III. Converging Jurisprudence: The Entire Fairness Test..................12 A. A History of Appraisal Rights ............................13 B. The Development of Fiduciary Duties ...................... 15 C. Modern-Day Appraisals ........................... ..... 17 IV. Delaware's Legal Framework and Judicial Predominance ...... .......17 A. The Role of Delaware Courts............................ 17 B. Origins of the DGCL and Section 262.................18 V. A Case for the Council.......................................21 A. Reevaluation and Pullback................ ..............21 B. An Example Proposal..................................22 VI. Conclusion.............................................23 VII. Appendix .............................................. 24 * J.D. Candidate, May 2018, The George Washington University Law School; B.S., Finance & International Business, May 2010, New York University Stem School of Business. Thank you to my Journal Adjunct Brian Castello for his patient feedback and my Notes Editor John Cavanagh for his detailed review. I also thank Professor Theresa Gabaldon for her guidance and Professor Dalia Tsuk Mitchell for her time and expertise, without which I could not have written this Note. Finally, I am grateful to the other academic experts who have written extensively on this topic and who nonethe- less entertained my beginner's inquiries. It was an honor to speak with Professor Lawrence A. Hamermesh, whose work and contributions to the field are referenced throughout this Note.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most