Courts Find Minority Discount Unwarranted Under Facts of Case

BVLaw
Court Case Digests
March 23, 2018
6531 Real Estate Agents and Managers
531390 Other Activities Related to Real Estate
marital dissolution/divorce
expert testimony, discount for lack of marketability (DLOM), fair market value (FMV), limited liability company, minority discount, minority interest, controlling interest, discount for lack of control (DLOC)

Cobane v. Cobane
2018 Ky. App. LEXIS 107
US
State Court
Kentucky
Court of Appeals
Diana Hughes (husband/appellant); none (wife/appellee)
Maze

Summary

In valuing owner-spouse’s minority interest in LLC, trial court “would have been well within its discretion to apply a minority discount,” appeals court says, but it was not error for trial court to reject a discount based on certain questionable actions related to the owner’s interest.

See Also

Cobane v. Cobane

In valuing owner-spouse’s minority interest in LLC, trial court “would have been well within its discretion to apply a minority discount,” appeals court says, but it was not error for trial court to reject a discount based on certain questionable actions related to the owner’s interest.