Study Aids
Case Briefs Overview
Casebooks
Case Briefs
O

Owen v. Cannon

2015 WL 3819204 (2015)

From our private database of 46,500+ case briefs, written and edited by humans—never with AI.

Owen v. Cannon

Delaware Court of Chancery
2015 WL 3819204 (2015)

  • Written by Robert Cane, JD

Facts

Nathan Owen (plaintiff), Lynn Cannon, and Bryn Owen (defendants) were the three largest shareholders of Energy Services Group, Incorporated. Nathan was cashed out of Energy Services group during a corporate merger that was arranged by Cannon and Bryn. Under the terms of the merger, Nathan was to receive $19.95 per share or over $26 million total. The merger price was determined using five-year projections from 2013 (the 2013 projections) prepared under Cannon’s direction with a discounted-cash-flow analysis. Nathan exercised his appraisal right regarding his shares and filed a claim for appraisal in the Delaware Chancery Court. The court made a judicial determination of the fair value of Nathan’s shares of Energy Services Group. Cannon and Bryn argued that the 2013 projections were not the best projections to use for a discounted-cash-flow analysis of Energy Services Group and offered new projections prepared during litigation by their own expert. Nathan argued that the 2013 projections prepared under Cannon’s direction were adequate.

Rule of Law

Issue

Holding and Reasoning (Bouchard, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 832,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 832,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,500 briefs, keyed to 994 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 832,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,500 briefs - keyed to 994 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Securities Regulation

Key Terms