Summary
The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.
Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit
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See Also
Value of Noncompete Agreement Considered in Bankruptcy Case
The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.