Archive: October 18, 2019

waiver of appraisal rights in a stockholder agreement is enforceable under delaware law

By Annette Becker and Pouya Ahmadi

In Manti Holdings, LLC v. Authentix Acquisition Co., Inc., C.A. No. 2017-0887 SG (Del. Ch. Aug 14, 2019), the Delaware Court of Chancery (the “Court”) held that Contractual agreements limiting or waiving future appraisal rights are not prohibited as a matter of law under the Delaware General Corporation Law (“DGCL”).

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