Attorney(s) appearing for the Case
Thomas P. Preston, Blank Rome LLP, Wilmington, Delaware; Richard G. Menaker, and Samuel F. Abernethy, Menaker & Herrmann LLP, New York, New York, for Petitioners.
Lewis H. Lazarus, Michael A. Weidinger, and Thomas E. Hanson, Jr., Morris, James, Hitchens & Williams LLP, Wilmington, Delaware, for Respondent.
Court of Chancery of Delaware, New Castle County.
STRINE, Vice Chancellor.
This is an appraisal action in which shareholders who are all affiliated with the O'Brien family seek a determination of the fair value of their shares in Union Financial Group, Ltd. ("UFG"). The O'Brien family controlled approximately 38% of UFG's stock before UFG was acquired by an acquisition subsidiary of First Banks, Inc. on December 31, 2001. The patriarch of the O'Brien family, Albert O'Brien, founded UFG and more...
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