Courts Reject Tax Affecting and Use of Discounts in Connecticut Buyout Dispute

BVLaw
Court Case Digests
December 10, 2019
4213 Trucking, Except Local
484230 Specialized Freight (except Used Goods) Trucking, Long-Distance
judicial dissolution
expert testimony, fair value, income approach, tax affecting, capitalization rate, discount for lack of marketability (DLOM), fair market value (FMV), minority discount, minority oppression, gross v. commissioner

R.D. Clark & Sons, Inc. v. Clark
194 Conn. App. 690
US
State Court
Connecticut
Appellate Court of Connecticut
Unknown (plaintiff/company); unknown (defendant/departing shareholder)
Devlin

Summary

Trial court’s fair value determination in buyout dispute involving family business withstands appeal, including decision not to tax affect or apply majority and minority discounts; appellate court finds there is no controlling state law on the issues and upholds trial court’s findings on facts.

See Also

R.D. Clark & Sons, Inc. v. Clark

Trial court’s fair value determination in buyout dispute involving family business withstands appeal, including decision not to tax affect or apply majority and minority discounts; appellate court finds there is no controlling state law on the issues and upholds trial court’s findings on facts.

This article also appears in:
Business Valuation UpdateVol. 26 No. 3