Judicial Appraisal Lacks Valuation Evidence and Gets Dinged on Appeal

BVLaw
Court Case Digests
December 22, 2016

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5511 Motor Vehicle Dealers (New and Used)
441110 New Car Dealers
judicial dissolution
expert testimony, fair value, income approach, capitalization rate, dissenting shareholder, freeze-out merger, statutory appraisal, valuation methods
Lally Orange Buick Pontiac GMC, Inc. v. Sandhu
2016 Fla. App. LEXIS 18782
US
State Court
Florida
Court of Appeal
Robert Morrison (wife/appellee); Ken Rosenfield (company/appellant)
Per Curiam

Summary

Appeals court scraps judicial appraisal, finding it was not based on competent evidence; in valuing dissenting shareholder’s interest in auto dealership, trial court ignored expert opinions but failed to detail methodology supporting its valuation.

See Also

Lally Orange Buick Pontiac GMC, Inc. v. Sandhu

Full Text of Court Cases
December 22, 2016

Appeals court scraps judicial appraisal, finding it was not based on competent evidence; in valuing dissenting shareholder’s interest in auto dealership, trial court ignored expert opinions but failed to detail methodology supporting its valuation.

Judicial Appraisal Lacks Valuation Evidence and Gets Dinged on Appeal

BVLaw Case Update
April 2017

Appeals court scraps judicial appraisal, finding it was not based on competent evidence; in valuing dissenting shareholder’s interest in auto dealership, trial court ignored expert opinions but failed to detail methodology supporting its valuation.