Document: Lillis v. AT&T Corp., C.A. No. 717-VCL, Lamb, V.C. (Del. Ch. July 20, 2007)
The Court awarded option holders the value of stock options based on the Black-Scholes method, where the corporation, by way of a merger, cancelled options that had strike prices below the price of the underlying stock because such options were controlled by agreements that contained anti-destruction clauses.