Minnesota Appellate Court Upholds Prejudicial Conduct to Oppressed Shareholder and Affirms Disallowance of Marketability Discount

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Court Case Digests
December 21, 2020

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7542 Carwashes
811192 Car Washes
shareholder dissent/oppression
fair value, shareholder oppression, buyout, discount for lack of marketability (DLOM), ownership interest, marketability, dissolution
Gerring Props. v. Gerring
2020 Minn. App. Unpub. LEXIS 964; 2020 WL 7490729
US
State Court
Minnesota
Court of Appeals
Florey, Presiding Judge; Hooten, Judge; and Gaïtas, Judge

Summary

In this shareholder oppression suit appeal, the Minnesota appellate court upheld the prejudicial conduct to an oppressed shareholder and affirmed the disallowance of a marketability discount. Further, the appellate court affirmed the trial court’s order for dissolution when the appellants failed to exercise the option to pay court-ordered stock-buyout amounts.

See Also

Gerring Props. v. Gerring

Full Text of Court Cases
December 21, 2020

In this shareholder oppression suit appeal, the Minnesota appellate court upheld the prejudicial conduct to an oppressed shareholder and affirmed the disallowance of a marketability discount. Further, the appellate court affirmed the trial court’s order for dissolution when the appellants failed to exercise the option to pay court-ordered stock-buyout amounts.