Summary
At issue is the valuation of the couple's auto body business.
See Also
Recent arm's-length transaction not useful
Husband (Sherman) started Automotive and Related Industries, Inc. (AutoBody) shortly after he and Wife (Barnes) separated. The business was very similar to another business (FuelLine ...
No finding of arm's-length transfer used for valuation requires reversal
Two issues were raised on appeal of this marital dissolution action: Whether the business Automotive and Related Industries, Inc. (AutoBody), was marital property, and Whether the trial ...
Sale to Mother Is Not an Arm’s-Length Transaction
The D.C. Court of Appeals determined that a sale between a mother and a son that occurred two days before trial was not made at arm's-length. Since the sale was not made at arms-length, the sale price was not indicative of the business’ value. It addition ...