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Rob Spatt Appears in The Deal Pipeline Video on Rise in Appraisal Arbitrage
03.26.15
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Corporate Partner Rob Spatt was interviewed while at the recent Tulane Corporate Law Institute by
The Deal Pipeline concerning the rise in appraisal arbitrage. Rob noted that the increase is due in part to large awards in several historical appraisal actions, recent cases allowing post-record date holders to buy into the appraisal actions, as well as to the mandatory 5% penalty interest rate over prevailing rates. He commented that several funds have been created with large amounts dedicated to bringing appraisal actions, and that recent proposed legislative amendments will not be enough to correct the significant concerns that many practitioners have raised with the situation.
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click here to view the full video (subscription required).