Tennessee Sticks With Delaware Block Method in Judicial Appraisals

Business Valuation UpdateVol. 23 No. 2
BVLaw Case Update
February 2017
7311 Advertising Agencies
541810 Advertising Agencies
dissenting shareholder
expert testimony, fair value, discounted cash flow (DCF), dissenting shareholder, merger, projections, valuation methods, delaware block rule, revenue forecasts

Athlon Sports Communications, Inc. v. Duggan (I)
2016 Tenn. App. LEXIS 773
October 17, 2016
US
State Court
Tennessee
Court of Appeals
Michael Collins (plaintiff); Jaime C. d’Almeida (defendants)
Swiney

Summary

Appeals court says trial court followed applicable law when it used Delaware block method to determine fair value of dissenting shareholders’ interests; court declines to change law on valuation, saying reversal must come from state Supreme Court.

See Also

Tennessee Sticks With Delaware Block Method in Judicial Appraisals

Appeals court says trial court followed applicable law when it used Delaware block method to determine fair value of dissenting shareholders’ interests; court declines to change law on valuation, saying reversal must come from state Supreme Court.