Namerow v. PediatriCare Associates, LLC

BVLaw
Full Text of Court Cases
November 29, 2018
8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
judicial dissolution, buy/sell agreement
goodwill, expert testimony, intangible assets, buyout, book value, accounts receivable, balance sheet, net worth, operating agreement

Namerow v. PediatriCare Associates, LLC
2018 N.J. Super Unpub. LEXIS 2633
US
State Court
New Jersey
Supreme Court of New Jersey
Ted Carnevale (plaintiff); Thomas Hoberman (defendant)
Jerejian

Summary

In pediatrician buyout suit, court says practice’s operating agreement requires net worth calculation; court agrees with defense expert’s definition of “net worth” as the value of assets minus liabilities, as stated in the balance sheets, and rejects proposed inclusion of intangible assets.
Namerow v. PediatriCare Associates
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See Also

Court Says Expert’s Inclusion of Intangible Assets Violates Buyout Agreement

In pediatrician buyout suit, court says practice’s operating agreement requires net worth calculation; court agrees with defense expert’s definition of “net worth” as the value of assets minus liabilities, as stated in the balance sheets, and rejects proposed inclusion of intangible assets.