Chesemore v. Alliance Holdings, Inc. (I)

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July 24, 2012

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4225 General Warehousing and Storage
493110 General Warehousing and Storage
ESOP valuations
Chesemore v. Alliance Holdings, Inc. (I)
2012 U.S. Dist. LEXIS 103731
US
Federal Court
Wisconsin
United States District Court
Stout Risius Ross Inc. (ESOP appraisers); Barnes Wendling (fairness opinion); RSM McGladrey Inc. (BV consultant to ESOP trustees); Alpha Investment Consulting LLC (independent advisors to ESOP trustees)
Conley

Summary

: Federal district court makes extensive finding regarding breaches of fiduciary duties for ESOP trustees that caused company to enter heavily leveraged buyout despite falling forecasts and flawed valuations marred by manager conflicts of interest.
Chesemore v. Alliance Holdings, Inc. (I)
PDF, Size: 627 KB

See Also

Management Buyout Fraught With Flawed ESOP Valuations

Legal and Court Case Update
November 2012

Federal district court makes extensive finding regarding breaches of fiduciary duties for ESOP trustees that caused company to enter heavily leveraged buyout despite falling forecasts and flawed valuations marred by manager conflicts of interest.

This article also appears in:
BVR Guide to Management Projections and Business Valuation: Analysis and Case Law