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.
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RegisterIn re Sunbelt Beverage Corp. Shareholder Litigation
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USA
January 12 2010
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Monique Greene
Corporate Counsel
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