IN RE GGP, INC. STOCKHOLDER LITIGATION

No. 202, 2021.

282 A.3d 37 (2022)

IN RE GGP, INC. STOCKHOLDER LITIGATION.

Supreme Court of Delaware.

Decided: July 19, 2022.

Reargument Denied: August 10, 2022.


Attorney(s) appearing for the Case

Michael Hanrahan, Esquire (argued), Ronald A. Brown, Jr., Esquire , Stephen D. Dargitz, Esquire , J. Clayton Athey, Esquire , Marcus E. Montejo, Esquire , Samuel L. Closic, Esquire , PRICKETT JONES & ELLIOTT, P.A., Wilmington, Delaware; Carl L. Stine, Esquire , Adam J. Blander, Esquire , Antoinette Adesanya, Esquire , WOLF POPPER LLP, New York, New York; Brian D. Long, Esquire , LONG LAW, LLC, Wilmington, Delaware; Frank P. DiPrima, Esquire , LAW OFFICE OF FRANK DIPRIMA, P.A., Morristown, New Jersey, for Plaintiffs-Below, Appellants.

Kevin G. Abrams, Esquire , John M. Seaman, Esquire , Matthew L. Miller, Esquire , ABRAMS & BAYLISS LLP, Wilmington, Delaware; John A. Neuwirth, Esquire (argued), Evert J. Christensen, Jr., Esquire , Seth Goodchild, Esquire , Matthew S. Connors, Esquire , Nicole E. Prunetti, Esquire , WEIL, GOTSHAL & MANGES LLP, New York, New York, for Defendant-Bellow, Appellee Brookfield Property Partners, L.P.

Peter J. Walsh, Jr., Esquire , Berton W. Ashman, Jr., Esquire , Jaclyn C. Levy, Esquire , POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Peter E. Kazanoff, Esquire , Michael J. Garvey, Esquire , Sara A. Ricciardi, Esquire , SIMPSON THACHER & BARTLETT LLP, New York, New York, for Defendants-Below, Appellees Mary Lou Fiala, Janice R. Fukakusa, John K. Haley, and Christina M. Lofgren.

Raymond J. Dicamillo, Esquire , Susan M. Hannigan, Esquire , RICHARDS, LAYTON & FINGER, Wilmington, Delaware; Brian T. Frawley, Esquire , Y. Carson Zhou, Esquire , SULLIVAN & CROMWELL LLP, New York, New York, for Defendant-Below, Appellee Sandeep Mathrani.

David J. Teklits, Esquire , Thomas P. Will, Esquire , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware, for Defendants-Below, Appellees Richard B. Clark, J. Bruce Flatt, and Brian W. Kingston.

Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en banc.


In the negotiations leading up to a merger in which Brookfield Property Partners, L.P. and its affiliates acquired GGP, Inc., Brookfield evinced its concern over the number of GGP stockholders who might seek appraisal under 8 Del. C. § 262. Brookfield sought to allay this concern by including in the...

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