IQ Holdings, Inc. v. Am. Commercial Lines Inc.
IQ Holdings, Inc. (IQ Holdings) filed a petition seeking appraisal of its shares in American Commercial Lines Inc. (American). Both of the parties engaged financial experts. IQ Holdings retained David Fuller, and American retained Melissa Knoll. Believing that IQ Holdings improperly revised and supplemented its expert report after the discovery cutoff, American moved to strike the revised portions and to preclude Fuller from testifying about them. The Court of Chancery concluded that Fuller's revised portion of his report was excluded and he was precluded from testifying about it, and ordered that IQ Holdings serve a revised expert report showing how returning the analysis to the original version changed Fuller's valuation. View "IQ Holdings, Inc. v. Am. Commercial Lines Inc." on Justia Law