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
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.