Court Rejects FMV Appraisal of Dissociated Member’s Interest in Statutory Buyout

BVLaw
Court Case Digests
June 25, 2020
0781 Landscape Counseling and Planning
561730 Landscaping Services
judicial dissolution
expert testimony, fair value, weighted average cost of capital (WACC), buyout, discount for lack of marketability (DLOM), fair market value (FMV), going concern, discounted cash flow analysis, debt, cash flow projections

Flynn v. Maschmeyer
2020 IL App (1st) 190784
US
State Court
Illinois
Appellate Court of Illinois
Greg Gaffen (plaintiffs); Erin Hollis (defendant)
Gordon

Summary

In buyout following member’s disassociation from company, appellate court affirms trial court’s fair value determination, including decision to exclude from valuation remaining members’ unsubstantiated debt claims and including litigation amount assessed against dissociated member for misconduct.

See Also

Flynn v. Maschmeyer

In buyout following member’s disassociation from company, appellate court affirms trial court’s fair value determination, including decision to exclude from valuation remaining members’ unsubstantiated debt claims and including litigation amount assessed against dissociated member for misconduct.