Trial Court’s Stock Valuation Contravenes Agreement’s Buyout Provisions

BVLaw
Court Case Digests
January 26, 2018

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (1,241 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
buy/sell agreement
expert testimony, shareholder dispute, appraisal, buyout, discount for lack of marketability (DLOM), minority interest, shareholder agreement, discount for lack of control (DLOC), stock purchase agreement, irs revenue ruling 59-60
R. Kashmiry & Assocs. v. Ellis
2018 Ohio App. LEXIS 384
US
State Court
Ohio
Court of Appeals
Kelly Bianco (plaintiff); Frank Dixon (defendant)
DeGenaro

Summary

In shareholder dispute over minority owner’s stock buyout, appeals court finds trial court’s sole reliance on five-year-old valuation and its rejection of appraiser’s recent valuation violates parties’ shareholder agreement and requires revaluation.

See Also

R. Kashmiry & Assocs. v. Ellis

Full Text of Court Cases
January 26, 2018

In shareholder dispute over minority owner’s stock buyout, appeals court finds trial court’s sole reliance on five-year-old valuation and its rejection of appraiser’s recent valuation violates parties’ shareholder agreement and requires revaluation.