Guttman v. Guttman

BVLaw
Full Text of Court Cases
December 2, 2021
6531 Real Estate Agents and Managers
531210 Offices of Real Estate Agents and Brokers
judicial dissolution
appraisal, buyout, fair market value (FMV), statutory appraisal, partnership interest, dissolution

Guttman v. Guttman
2021 Cal. App. LEXIS 1014
US
State Court
California
Court of Appeal
Rothschild

Summary

The one-third partner of a real estate partnership, Bruce Guttman (Bruce), sued for dissolution. The two majority partners initiated a statutory procedure to buy out Bruce. All three appraisals were very close to $38 million. Feeling the valuations to be too low, Bruce sought to withdraw his complaint without prejudice. The trial court, on a motion from the majority partners, vacated Bruce’s dismissal. The appellate court affirmed the trial court.
Guttman v. Guttman
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See Also

One-Third Partner Sued to Have Partnership Dissolved, Asked to Vacate His Dissolution Assertion

The one-third partner of a real estate partnership, Bruce Guttman (Bruce), sued for dissolution. The two majority partners initiated a statutory procedure to buy out Bruce. All three appraisals were very close to $38 million. Feeling the valuations to be too low, Bruce sought to withdraw his complaint without prejudice. The trial court, on a motion from the majority partners, vacated Bruce’s dismissal. The appellate court affirmed the trial court.