Dawyot v. Catawba Capital Mgmt., Inc.

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April 28, 2011

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6282 Investment Advice
523930 Investment Advice
buy/sell agreement
buy-sell agreement, expert testimony, normalization, buyout, earnings, redemption, s corporation, compensation
Dawyot v. Catawba Capital Mgmt., Inc.
2011 Va. Cir. LEXIS 47
US
State Court
Virginia
Circuit Court
Harold G. Martin, Harry Schwartz (defendant), Kesavan Iyer (plaintiff); Mercer Capital (third-party appraiser)
Dorsey

Summary

In buyout dispute, court sets aside third-party appraisal performed pursuant to redemption agreement; court says final appraisal report contains at least one “palpable error” related to normalization of earnings that had a significant effect on the valuation; appraiser did not testify at trial.
Dawyot v. Catawba Capital Mgmt
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