Back in June 2012, I wrote here about an interesting ruling by Vice Chancellor J. Travis Laster in the case of Forsythe v. ESC Fund Management Co. To recap, in that case, the parties sought Vice Chancellor Laster’s approval of a settlement in which the defendants agreed to pay $10.25 million in cash and not pursue claims for indemnification valued at approximately $3 million. The court found that the combined $13.25 million settlement fell “within a range of fairness, albeit at the low end,” but noted that certain objectors to the settlement claimed that it was inadequate.
