Barnes v. Sherman

Full Text of Court Cases
August 24, 2000
7532 Top, Body, and Upholstery Repair Shops and Paint Shops
811121 Automotive Body, Paint, and Interior Repair and Maintenance
marital dissolution/divorce
fair value, going concern, marital dissolution

Barnes v. Sherman
758 A.2d 936, 2000 D.C. App. LEXIS 199
Federal Court
District of Columbia
Court of Appeals
Barnes made own valuation


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 ...