Analysts Not Required to Predict the Future—Only to Probe Present Facts

Business Valuation UpdateVol. 12 No. 3
Legal and Court Case Update
March 2006
5961 Catalog and Mail-Order Houses
454110 Electronic Shopping and Mail-Order Houses
ERISA
shareholder dispute, fair market value (FMV), fairness opinion, employee stock ownership plan (ESOP), adequate consideration, erisa

Keach v. U.S. Trust Co.
2005 U.S. App. LEXIS 17355
August 17, 2005
US
Federal Court
7th Circuit
United States Court of Appeals
Houlihan Lokey Howard & Zukin (ESOP)
Ripple

Summary

In assessing fair value and adequate consideration of ESOP transaction, court considers whether appraiser should have reasonable foreseen future events affecting stock and company value.

See Also

Keach v. U.S. Trust Co.

In assessing fair value and adequate consideration of ESOP transaction, Court considers whether appraiser should have reasonable foreseen future events effecting stock and company value.