Hornberger v. Dave Gutelius Excavating, Inc.

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December 15, 2017

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1794 Excavation Work
238910 Site Preparation Contractors
buy/sell agreement
expert testimony, discount for lack of marketability (DLOM), minority discount, minority interest, shareholder agreement, redemption, valuation methods, discount for lack of control (DLOC), net book value
Hornberger v. Dave Gutelius Excavating, Inc.
2017 Pa. Super. LEXIS 1044
US
State Court
Pennsylvania
Superior Court
Brian Elsasser (plaintiff); Bradley D. Kellett, Eric Blocher (defendant)
Moulton

Summary

Valuation of shares of terminated stockholder based on shareholder agreement that requires calculation of adjusted net book value and specified adjustments may include discounts, where discounts are consistent with industry practice, appellate court says.
Hornberger v. Dave Gutelius Excavating, Inc.
PDF, Size: 42 KB

See Also

Industry Practice Supports Discounts in Stock Redemption Valuation

Court Case Digests
December 15, 2017

Valuation of shares of terminated stockholder based on shareholder agreement that requires calculation of adjusted net book value and specified adjustments may include discounts, where discounts are consistent with industry practice, appellate court says.