Court Stands Behind Earlier ESOP Liability and Damages Rulings

Business Valuation UpdateVol. 23 No. 9
BVLaw Case Update
September 2017

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ESOP valuations
damages, beta, control premium, expert testimony, discounted cash flow (DCF), fair market value (FMV), projections, guideline company method, enterprise value (MVIC), employee stock ownership plan (ESOP), adequate consideration, erisa, fiduciary duty
Brundle v. Wilmington Trust N.A. (II)
258 F. Supp. 3d 647 (E.D. Va. 2017), 2017 U.S. Dist. LEXIS 97752
June 23, 2017
US
Federal Court
Virginia
United States District Court
Stout Risius Ross (ESOP valuation); Dana Messina (trial/plaintiff); Jeff Tarbell (trial/defendant/trustee)
Brinkema

Summary

Notwithstanding errors related to the court’s liability and damages determinations, the court rejects trustee’s motion for reconsideration as an inappropriate effort to introduce new legal theories and a late attempt to present a competing damages methodo ...

See Also

Court Defends Earlier ESOP Liability and Damages Rulings

Court Case Digests
June 23, 2017

Notwithstanding errors related to the court’s liability and damages determinations, the court rejects trustee’s motion for reconsideration as an inappropriate effort to introduce new legal theories and a late attempt to present a competing damages methodo ...