Full details available here. This is an interesting and exciting development in the field of shareholder appraisal rights because it would allow shareholders to retain liquidity during the pendency of an appraisal action (which can take up to several years depending on the complexity).
The creation of the Dell Valuation Trust has generated significant interest already - as in this piece which appeared in the New York Times on June 22. Further coverage appears in, among other places, the Dealbreaker Blog and Law360.
Berger Harris partner and Business Law Basics co-author Brian Gottesman serves as counsel to the Trust with respect to formation and governance issues. Fish & Richardson, P.C. and the law firm of Mark Andersen, P.A. serve as counsel to the Trust with respect to appraisal litigation issues.
NOTE: THIS POST IS PRESENTED FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO BE CONSTRUED AS AN OFFER TO SELL ANY SECURITIES OF ANY NATURE WHATSOEVER BY BERGER HARRIS, BUSINESSLAWBASICS.COM, THE SHAREHOLDER FORUM, INC. OR THE DELL VALUATION TRUST.