Advanced Communication Design, Inc. v. Follett (III)

Full Text of Court Cases
May 29, 2001
3651 Household Audio and Video Equipment
334310 Audio and Video Equipment Manufacturing
shareholder dissent/oppression
minority shareholder

Advanced Communication Design, Inc. v. Follett (III)
2001 Minn. App. LEXIS 589
State Court
Court of Appeals


At issue is the marketability discount of respondent's shares of Advanced Communication Design, Inc.

See Also

Minnesota Court Adopts Elements From Both Majority and Minority Valuations

In Advanced Communication Design v. Follet, 601 N.W.2d 707 (Minn. Ct. App. 1999) (abstracted in January 2000), the court ruled that a marketability discount should not apply because a majority shareholder's conduct had oppressed a minority shareholder.