Anticipated IPO Considered in Determining Fair Value

Business Valuation Update BVLaw
Legal and Court Case Update
February 3, 1997
5021 Furniture
423210 Furniture Merchant Wholesalers
securities litigation

Harold S. Ansin, et al. v. River Oaks Furniture, Inc.
Nos. 96-1734 (1st Cir. 1997)
US
Federal Court
1st Circuit
United States Court of Appeals
Lynch

Summary

The 1st Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation that fraudulently induced a minority shareholder to sell his interest one year prior to an IPO.

See Also

Harold S. Ansin, et al. v. River Oaks Furniture, Inc.

The First Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation who fraudulently induced a minority shareholder to sell his interest one-year prior to an IPO. The company failed to ...