Vice Chancellor Sam Glasscock III
Connecticut-based investment management firm Verition Partners Master Fund Ltd. on Monday asked a Delaware federal judge to green-light a $25 million lawsuit stemming from last year’s appraisal of AOL Inc., alleging that its hired expert’s “incapacitating bias” left them empty-handed when their case was decided in the Court of Chancery.
In the filing, Verition and its attorneys refuted assertions by economics consultant W. Bradford Cornell that there was no direct link between disparaging comments Bradford had made in regard to Verition’s appraisal case and Vice Chancellor Sam Glasscock III’s decision last February that AOL’s $4.4 billion sale to Verizon in 2015 had overvalued the once-powerful media technology company.
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