Zelouf International Corp. v. Zelouf (I)

BVLaw
Full Text of Court Cases
October 6, 2014
5099 Durable Goods, NEC
423990 Other Miscellaneous Durable Goods Merchant Wholesalers
judicial dissolution
control premium, expert testimony, closely held corporation, discount for lack of marketability (DLOM), minority discount, statutory appraisal, textile, s corporation, inventory, lost corporate opportunity, new york blc, risk management association

Zelouf International Corp. v. Zelouf (I)
2014 N.Y. Misc. LEXIS 4341
US
State Court
New York
Supreme Court
Kevin Vannucci, McGladrey (joint—neutral—appraiser); James T. Ashe, Marcum LLP, Anthony Saunders (fair value appraisal), Elliot A. Lesser (forensic accountant) (all for respondent); unknown (plaintiff)
Kornreich

Summary

In fair value appraisal proceeding, New York court finds DLOM inappropriate given low probability of sale of family business and finds assumption of hypothetical impediments to sale irrelevant; New York law does not mandate DLOM in every circumstance.
Zelouf Int’l Corp. v. Zelouf (I)
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See Also

Court Hitches DLOM Application to Probability of Sale

In fair value appraisal proceeding, New York court finds DLOM inappropriate given low probability of sale of family business and finds assumption of hypothetical impediments to sale irrelevant; New York law does not mandate DLOM in every circumstance.