The Delaware Supreme Court recently decided that an agreement (sometimes referred to as a “drag along”) to waive prospectively statutory appraisal rights is fully enforceable against.
Appraisal rights (sometimes called "dissenters' rights" in other jurisdictions) are a feature of the corporation law of the state in which a company is incorporated.
Delaware Supreme Court recently decided that an agreement aka a drag along to waive prospectively statutory appraisal rights is fully enforceable against the common stockholders. see Manti Holdings, LLC et al. v. Authentix Acquisition Company, Inc.
Delaware Supreme Court Affirms the Use of Stockholders Agreements to Waive Appraisal Rights | Sheppard Mullin Richter & Hampton LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.