Amicus Brief of Law and Finance Professors in Verition Partners v. Aruba Networks (Appraisal Lawsuit)

Broughman, Brian J.; Boone, Audra L.; Choi, Albert H.; Fried, Jesse M.; Ganor, Mira; Macias, Antonio J.; Stoffman, Noah

doi:10.2139/ssrn.3302116

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Amicus Brief of Law and Finance Professors in Verition Partners v. Aruba Networks (Appraisal Lawsuit)

21 Pages Posted: 2 Jan 2019

See all articles by Brian J. Broughman

Audra L. Boone

Texas Christian University - M.J. Neeley School of Business; European Corporate Governance Institute (ECGI)

Albert H. Choi

University of Michigan Law School; European Corporate Governance Institute (ECGI)

Jesse M. Fried

Harvard Law School; European Corporate Governance Institute (ECGI)

Mira Ganor

University of Texas at Austin - School of Law

Noah Stoffman

Indiana University - Kelley School of Business - Department of Finance

Date Written: October 3, 2018

Abstract

This amicus brief, filed with the Delaware Supreme Court in Verition Partners v. Aruba Networks, addresses two topics: (i) application of the efficient market hypothesis in appraisal litigation and (ii) empirical scholarship regarding the effect of Delaware appraisal decisions and amendments to 8 Del. C. § 262 on premia in public M&A transactions.

Keywords: Appraisal, Efficient Market Hypothesis, Mergers

JEL Classification: K22, G34

Suggested Citation: Suggested Citation

Broughman, Brian J. and Boone, Audra and Choi, Albert H. and Fried, Jesse M. and Ganor, Mira and Macias, Antonio J. and Stoffman, Noah, Amicus Brief of Law and Finance Professors in Verition Partners v. Aruba Networks (Appraisal Lawsuit) (October 3, 2018). Available at SSRN: https://ssrn.com/abstract=3302116 or http://dx.doi.org/10.2139/ssrn.3302116