VERITION PARTNERS FUND v. ARUBA NETWORKS

No. 368, 2018.

210 A.3d 128 (2019)

VERITION PARTNERS MASTER FUND LTD. and Verition Multi-Strategy Master Fund Ltd., Petitioners Below, Appellants, v. ARUBA NETWORKS, INC., Respondent Below, Appellee.

Supreme Court of Delaware.

Decided: April 16, 2019.


Attorney(s) appearing for the Case

Michael J. Barry, Esquire , Christine M. Mackintosh, Esquire (Argued), Michael T. Manuel, Esquire , Rebecca A. Musarra, Esquire , GRANT & EISENHOFER P.A., Wilmington, Delaware, for Appellants, Verition Partners Master Fund Ltd. and Verition Multi-Strategy Master Fund Ltd.

Michael P. Kelly, Esquire (Argued), Steven P. Wood, Esquire , Daniel J. Brown, Esquire , McCARTER & ENGLISH, LLP, Wilmington, Delaware; Marc J. Sonnenfeld, Esquire , Karen Pieslak Pohlmann, Esquire , Laura Hughes McNally, Esquire , MORGAN, LEWIS & BOCKIUS LLP, Philadelphia, Pennsylvania, for Appellee, Aruba Networks, Inc.

Ned Weinberger, Esquire , Derrick Farrell, Esquire , Thomas Curry, Esquire , LABATON SUCHAROW LLP, Wilmington, Delaware, for Amici Curiae Professors Audra Boone, Brian Broughman, Albert Choi, Jesse Fried, Mira Ganor, Antonio Macias, and Noah Stoffman in Support of Appellant and Reversal.

Gregory P. Williams, Esquire , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware, for Professors William J. Carney and Keith Sharfman as Amici Curiae in Support of Appellee and Affirmance.

Before STRINE, Chief Justice; VALIHURA, VAUGHN, SEITZ, and TRAYNOR, Justices; constituting the Court en Banc.


In this statutory appraisal case, the Court of Chancery found that the fair value of Aruba Networks, Inc., as defined by 8 Del. C. § 262, was $17.13 per share, which was the thirty-day average market price at which its shares traded before the media reported news of the transaction that gave rise to the appellants' appraisal rights...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases