Kaplan v. First Hartford Corp.

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March 20, 2009

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6552 Land Subdividers and Developers, Except Cemeteries
judicial dissolution
discounted cash flow (DCF), minority shareholder, valuation approaches, tax loss carryforward (TLC)
Kaplan v. First Hartford Corp.
2009 WL 737681 (D. Me.)
US
Federal Court
Maine
United States District Court
Guilliaem Aertsen (plaintiff); Nancy Fannon and Timothy Riddiough (defendants)
Hornby

Summary

Federal district court conducts extensive analysis of expert evidence to make fair value appraisal of unique and complicated real estate development company, relying on net asset value and thinly traded stock market pricing, plus upward adjustments for im ...
Kaplan v. First Hartford Corp.
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Federal Court Fashions ‘Unique’ Pricing Remedy in Shareholder Oppression Case

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An oppressed minority shareholder sought judicial appraisal of the First Hartford Corp., a company that managed and developed real estate through several subsidiaries, with several attributes that made it unique.