News & Announcements

Weil Wins Landmark Delaware M&A Appraisal Trial Victory

Weil today won a landmark case of great importance to the M&A transactional and litigation market in the Delaware Chancery Court’s most recent and eagerly anticipated appraisal decision. In a 74-page post-trial ruling, Vice Chancellor Laster applied 100% weight to the transaction price and ruled that petitioner, Merion Capital, an appraisal arbitrageur, was entitled to no additional consideration in connection with its appraisal petition arising out of Fidelity National Financial’s 2014 $4.2 billion acquisition of Lender Processing Services, Inc. Merion had sought approximately $90 million in additional consideration.

The case was tried over four days in Delaware Chancery Court by a Weil team led by John Neuwirth, Co-Head of Weil’s Securities Litigation group, and that included associates Evert Christensen, Matthew Connors and Elizabeth Kerwin-Miller.