Hartman v. BigInch Fabricators & Construction Holding Co., Inc. (Hartman II)

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Full Text of Court Cases
January 28, 2021
1389 Oil and Gas Field Services, NEC
237120 Oil and Gas Pipeline and Related Structures Construction
judicial dissolution, buy/sell agreement
discount for lack of control (DLOC), fair value, discount for lack of marketability (DLOM), fair market value (FMV), minority discount, minority interest, controlling interest, stock buyback

Hartman v. BigInch Fabricators & Construction Holding Co., Inc. (Hartman II)
Indiana Supreme Court, Case No. 20S-PL-618
US
State Court
Indiana
Indiana Supreme Court
Wonch Valuation Advisors (third-party valuation company)
Rush

Summary

High court says there is no blanket rule against the use of discounts in a compulsory, closed-market buyback; parties’ freedom to contract right allowed for discounts under shareholder agreement that mandated buyback of plaintiff’s minority interest by company under fair market value standard.
Hartman v BigInch (II)
PDF, Size: 228 KB

See Also

Indiana Supreme Court Rejects Blanket Rule Against Discounts in Compulsory, Closed-Market Share Buyback

High court says there is no blanket rule against the use of discounts in a compulsory, closed-market buyback; parties’ freedom to contract right allowed for discounts under shareholder agreement that mandated buyback of plaintiff’s minority interest by company under fair market value standard.