Huff Fund Investment Partnership v CKx, Inc., C.A. 6844-VCG (February 12, 2014)

Appraisal actions are increasing for several reasons.  One reason is that the statutory rate of interest of 5% plus the federal discount rate paid to the stockholder is higher than that currently available elsewhere.  Here the defendant offered to pay into court what it said was the fair value and thereby stop the accrual of interest.  However, the Court held that the appraisal statute mandated interest be paid until the Court's judgment was paid.