Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware. Courtesy photo. Laster Bellwether Decision: AT&T Undercut Partners By Over $9M
Vice Chancellor Travis Laster blasted AT&T as "the most obstructive litigant" that he had ever seen, as a judge or a practicing lawyer. But he did not shift the burden of attorney fees to AT&T.
March 10, 2022 at 04:12 PM
4 minute read
AT&T didn't offer a fair price when taking ownership of an Oregon partnership in 2010, Vice Chancellor Travis Laster found in a decision Wednesday.
After more than 10 years of litigation, the post-trial opinion marks the second bellwether decision over freeze-outs involving a total of 13 former AT&T partnerships, and the fair valuation formula determined by Laster to owe former partners in Salem Cellular Telephone Co. an additional $9.1 million plus interest is now set to be applied to the remaining 12 partnerships.
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