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

BVLaw
Full Text of Court Cases
May 29, 2001

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. (1,815 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
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
US
State Court
Minnesota
Court of Appeals
Shumaker

Summary

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

Legal and Court Case Update
May 29, 2001

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.