Ely, Inc. v. Wiley

BVLaw
Full Text of Court Cases
December 23, 1998
3295 Minerals and Earths, Ground or Otherwise Treated
212399 All Other Nonmetallic Mineral Mining
dissenting shareholder
fair value

Ely, Inc. v. Wiley
587 N.W.2d 465,1998 Iowa Sup. LEXIS 293
US
State Court
Iowa
Supreme Court
Paul Much (for appellant) <br> Yale Kramer (for appellant)
Harris, Carter, Lavorato, Neuman, Snell

Summary

At issue is the valuation of the appellee's stock by the appellant's expert witness.

See Also

Trial Court Not Required to Assign Specific Weight to Experts' Oopinions

Wiley and others formed Ely Inc. to develop and sell a process for grinding coal and other substances into fine powder for power plants.

Company Sale Not Evidence of Fair Value

Wiley and others formed Ely Inc. to develop and sell a process for grinding coal and other substances into fine powder for power plants.

Fair Value Does Not Equal the Sale Price When Seller Is Under a Compulsion to Sell

The Iowa Supreme Court reversed the appellate court's valuation and reinstated the decision of the trial court in this dissenting shareholder action. The trial court rejected an appraisal of the subject company based on the transaction giving rise to the ...