Appellate Court (California) Declines to Set Aside Appraisal and Decision of Arbitrator

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Court Case Digests
February 28, 2024

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5411 Grocery Stores
445110 Supermarkets and Other Grocery Retailers (except Convenience Retailers)
buy/sell agreement
appraisal, real estate, nonoperating assets, market value, operating assets
Hardiman v. Woodlands Store, Inc.
2024 Cal. App. Unpub. LEXIS 1283; 2024 WL 827706
US
State Court
California
Court of Appeal
Serena Morones, CPA, ASA, ABV, CFE
Jackson, Burns, Chou

Summary

This appeal in a California court involved a dispute over an appraisal of the plaintiffs’ 15% interest in a grocery store the defendant operated. The plaintiffs alleged that the award of the superior court was obtained by fraud and that the arbitrator prejudiced their rights. The appellate court found no basis for “disturbing” the appraisal-arbitration award.

See Also

Hardiman v. Woodlands Store, Inc.

Full Text of Court Cases
February 28, 2024

This appeal in a California court involved a dispute over an appraisal of the plaintiffs’ 15% interest in a grocery store the defendant operated. The plaintiffs alleged that the award of the superior court was obtained by fraud and that the arbitrator prejudiced their rights. The appellate court found no basis for “disturbing” the appraisal-arbitration award.