Summary
California Court of Appeals construes “liquidation value” of law firm under partnership buyout statute to require a “construct” of selling assets over time at fair market value, discounted to present value as of the dissociation date.
Rappaport v. Gelfand
PDF, Size: 169 KB
See Also
‘Constructive Liquidation’ Applied to Law Firm and Contingency Fee Valuation
California Court of Appeals construes “liquidation value” of law firm under partnership buyout statute to require a “construct” of selling assets over time at fair market value, discounted to present value as of the dissociation date.