Fredericks Peebles & Morgan LLP v. Assam

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August 3, 2018
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buy/sell agreement
discount rate, expert testimony, fair value, income approach, buyout, calculation report, cash flow, discount for lack of marketability (DLOM), fair market value (FMV), minority interest, partnership agreement, valuation report, accounts receivable, pass-through entity, discount for lack of control (DLOC)

Fredericks Peebles & Morgan LLP v. Assam
2018 Neb. LEXIS 142
US
State Court
Nebraska
Supreme Court
William Brennan (plaintiff/firm); Chad Flanagan, Jay Fullerton [Eide Bailly] (defendant); Matthew Stadler (defendant); Fred Assam (defendant)
Funke

Summary

In buyout dispute over law firm interest, court credits firm’s expert, noting his extensive relevant experience, his taking care to value interest under fair market value standard, as required by the partnership agreement, and his detailed risk analysis to support a deep discount.
Fredericks Peebles & Morgan LLP v. Assam
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See Also

Expert’s Detailed Risk Analysis Bolsters Use of Deep Discount in Law Firm Valuation

In buyout dispute over law firm interest, court credits firm’s expert, noting his extensive relevant experience, his taking care to value interest under fair market value standard, as required by the partnership agreement, and his detailed risk analysis to support a deep discount.