Sipko v. Koger, Inc.

BVLaw
Full Text of Court Cases
June 23, 2022
7373 Computer Integrated Systems Design
541512 Computer Systems Design Services
shareholder dissent/oppression
fair value, shareholder dispute, shareholder oppression, buyout, discount, minority shareholder, stock, accounting, marketability

Sipko v. Koger, Inc.
2022 N.J. LEXIS 557
US
State Court
New Jersey
Supreme Court
Hubert Klein; Martin Schmidt
Pierre-Louis; Rabner; Solomon; Albin; Fluentes

Summary

The Supreme Court of New Jersey, in its second attempt to resolve this long-running shareholder dispute, a “thoroughly chewed apple”, and buyout, reversed the appellate court and remanded the case to the trial court for reinstatement of its valuation of the shareholder’s interest in two businesses and also agreed with the trial court that no marketability discount should be allowed to reduce the amount to be awarded to the plaintiff. The defendants chose not to call their own expert to provide an opinion of the fair value of the shareholder’s interests.

See Also

The Supreme Court of New Jersey Accepts Trial Court’s Value of Companies and Denies a Marketability Discount in a Contentious Buyout Dispute

The Supreme Court of New Jersey, in its second attempt to resolve this long-running shareholder dispute, a “thoroughly chewed apple”, and buyout, reversed the appellate court and remanded the case to the trial court for reinstatement of its valuation of the shareholder’s interest in two businesses and also agreed with the trial court that no marketability discount should be allowed to reduce the amount to be awarded to the plaintiff. The defendants chose not to call their own expert to provide an opinion of the fair value of the shareholder’s interests.