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In re Sunbelt Beverage Corp. Shareholder Litigation

Potter Anderson & Corroon LLP

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USA January 12 2010

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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Filed under

  • USA
  • Corporate Finance/M&A
  • Litigation
  • Potter Anderson & Corroon LLP

Tagged with

  • Shareholder
  • Breach of contract
  • Court of Chancery
  • Fiduciary
  • Board of directors
  • Privately held company
  • Legal burden of proof
  • Distributor
  • Alcohol
  • Equity (law)
  • Wholesale
  • Court of equity
  • Sun Belt

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