New Jersey Court Finds Defendant’s Actions Justify DLOM in Forced Buyout

Business Valuation UpdateVol. 23 No. 4
BVLaw Case Update
April 2017

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5193 Flowers, Nursery Stock, and Florists' Supplies
424930 Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
judicial dissolution
fair value, net asset value, breach of fiduciary duty, buyout, capitalization rate, discount for lack of marketability (DLOM), discounted cash flow (DCF), minority shareholder, projections, growth rate, book value, minority oppression, discount for lack of control (DLOC), historical income approach, company specific risk
Parker v. Parker
2016 N.J. Super. Unpub. LEXIS 2720
December 22, 2016
US
State Court
New Jersey
Superior Court
Stephan C. Chait (plaintiff); Henry Fuentes (defendant)
Dupuis

Summary

In New Jersey fair value determination, following precedent, court finds defendant’s conduct justifies use of a marketability discount because he was oppressing shareholder who created “extraordinary circumstances” necessitating forced buyout; court rejec ...

See Also

New Jersey Court Finds Defendant’s Actions Justify DLOM in Forced Buyout

Court Case Digests
December 22, 2016

In New Jersey fair value determination, following precedent, court finds defendant’s conduct justifies use of a marketability discount because he was oppressing shareholder who created “extraordinary circumstances” necessitating forced buyout; court rejec ...