Puklich v. Puklich

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June 27, 2019

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5511 Motor Vehicle Dealers (New and Used)
441110 New Car Dealers
judicial dissolution
discount for lack of control (DLOC), expert testimony, fair value, buyout, closely held corporation, discount for lack of marketability (DLOM), minority discount, minority shareholder, limited partnership, minority oppression, partnership dissolution, partnership dispute
Puklich v. Puklich
2019 ND 154; 2019 N.D. LEXIS 153; 2019 WL 2641017
US
State Court
North Dakota
Supreme Court
unknown (petitioner/appellant); unknown (respondent/appellee)
Jensen

Summary

In buyout dispute related to various family businesses, including auto dealership, high court finds trial court was authorized to adjust value finding to account for majority shareholder’s oppressive conduct; case law supported rejection of discounts in valuing minority shareholder’s interest.
Puklich v. Puklich
PDF, Size: 146 KB

See Also

High Court Approves of Trial Court’s Rejection of Discounts in Fair Value Determination

Court Case Digests
June 27, 2019

In buyout dispute related to various family businesses, including auto dealership, high court finds trial court was authorized to adjust value finding to account for majority shareholder’s oppressive conduct; case law supported rejection of discounts in valuing minority shareholder’s interest.