Appraiser Lacks Necessary Valuation Expertise, Dissent Says

Business Valuation UpdateVol. 21 No. 11
Legal and Court Case Update
November 2015
7011 Hotels and Motels
721110 Hotels (except Casino Hotels) and Motels
dissenting shareholder
expert testimony, fair value, income approach, appraisal action, asset approach, dissenting shareholder, market approach, real estate, tangible assets, investment value, delaware block rule

Shaffer v. Visaggio’s, Inc. (I)
2015 Pa. Super. Unpub. LEXIS 2403
July 29, 2015
US
State Court
Pennsylvania
Superior Court of Pennsylvania (Court of Appeals)
William Boles (company/appellant); James Smelzer (shareholder/appellee)
Allen

Summary

Court majority finds appointed appraiser’s fair value determination meets legal requirements applicable to dissenting shareholder proceeding; dissent says appraiser lacked valuation expertise and ignored proper business valuations from parties’ experts.

See Also

Shaffer v. Visaggio’s, Inc. (I)

Court majority finds appointed appraiser’s fair value determination meets legal requirements applicable to dissenting shareholder proceeding; dissent says appraiser lacked valuation expertise and ignored proper business valuations from parties’ experts.