In re Sunbelt Beverage Corp. Shareholder Litigation

In this consolidated breach of fiduciary duty and appraisal proceeding, the Court of Chancery held that the defendants, the directors and controlling stockholders of Sunbelt Beverage Corp., a privately owned wholesale alcohol distributor (“Sunbelt”), did not meet their burden to establish the entire fairness of a merger designed to cash out the plaintiff, a minority stockholder of Sunbelt.