In a Siblings Ownership Dispute, Court Decides No Oppression and No Sums Owed by the Plaintiff, Determines the Value of the Plaintiff’s 25% Interest

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Court Case Digests
August 28, 2020

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5812 Eating and Drinking Places
722511 Full-Service Restaurants
shareholder dissent/oppression
business valuation, discount for lack of control (DLOC), fair value, discount, discount for lack of marketability (DLOM), fair market value (FMV), minority discount, operating agreement
Gavrielidis v. 80 Seaview Ave., LLC
2020 Conn. Super. LEXIS 1302; 2020 WL 6781239 (Aug. 28, 2020)
US
State Court
Connecticut
Superior Court
Linda Capello, Michael McGuire, John Kramer
Charles T. Lee

Summary

In this dispute among siblings owning restaurants in Connecticut, the court determined that there was no oppression against one of the siblings whose employment was terminated and there were no wrongful acts. The court determined the fair market value of the plaintiff’s membership interests but denied discounts for lack of control and lack of marketability.

See Also

Gavrielidis v. 80 Seaview Ave., LLC

Full Text of Court Cases
August 28, 2020

In this dispute among siblings owning restaurants in Connecticut, the court determined that there was no oppression against one of the siblings whose employment was terminated and there were no wrongful acts. The court determined the fair market value of the plaintiff’s membership interests but denied discounts for lack of control and lack of marketability.