Cardiac Perfusion Services, Inc. v. Joubran

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July 26, 2012

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3841 Surgical and Medical Instruments and Apparatus
shareholder dissent/oppression
Cardiac Perfusion Services, Inc. v. Joubran
2012 Tex. App. LEXIS 6134
US
State Court
Texas
Court of Appeals
Travis Keath (minority shareholder); Lane McDaniels (majority owner)
Lang-Miers

Summary

Texas court of appeals affirms equitable award of fair value for oppression of 10% minority shareholder at “enterprise value” rather than at book value of buy-sell agreement, and upholds $300,000 award based on expert’s enterprise valuation.
Cardiac Perfusion Services, Inc. v. Joubran
PDF, Size: 130 KB

See Also

Judicial Buyout at Fair Value Trumps Buy-Sell at Book Value

Legal and Court Case Update
November 2012

Texas court of appeals affirms equitable award of fair value for oppression of 10% minority shareholder at “enterprise value” rather than at book value of buy-sell agreement, and upholds $300,000 award based on expert’s enterprise valuation.