Court Says Asset Approach ‘Is Simply an Improper Method’ in Present Appraisal Proceeding

BVLaw
Court Case Digests
October 11, 2019

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1542 General Contractors-Nonresidential Buildings, Other than Industrial Buildings and Warehouses
236220 Commercial and Institutional Building Construction
judicial dissolution
expert testimony, income approach, appraisal, asset approach, breach of fiduciary duty, buyout, market approach, s corporation, minority oppression, guideline companies, irs revenue ruling 59-60
Linde v. Linde
220 A.3d 1119; 2019 PA Super 305
US
State Court
Pennsylvania
Superior Court
Gregory Cowhey (plaintiff/appellee); John Stoner (defendants/appellants)
Olson

Summary

Appellate court upholds trial court’s finding that majority shareholder breached fiduciary duty to minority shareholder and buyout order; trial court performed careful valuation analysis finding defense expert’s asset-based approach was “simply an improper method of valuation in the present case.”

See Also

Linde v. Linde

Full Text of Court Cases
October 11, 2019

Appellate court upholds trial court’s finding that majority shareholder breached fiduciary duty to minority shareholder and buyout order; trial court performed careful valuation analysis finding defense expert’s asset-based approach was “simply an improper method of valuation in the present case.”