Young Min Ban v. Joseph P. Manheim

Summary

The Supreme Court of Delaware affirmed the Court of Chancery’s decision declining to consider Ban’s supplemental valuation because the court acted within its discretion in finding that the report introduced a new valuation model based on new inputs. It reversed the award of attorneys’ fees and expenses because Ban did not plead or otherwise provide pretrial notice that he would seek those amounts as damages based on Manheim’s pre-litigation conduct, and therefore waived the claim. No separate opinions were filed.