Attorney Fails to Have Business Valued; Wife Wins Damage Award

Business Valuation UpdateVol. 1 No. 1
Legal and Court Case Update
October 1995
3714 Motor Vehicle Parts and Accessories
336390 Other Motor Vehicle Parts Manufacturing
malpractice (legal)

Callahan v. Clark
901 S.W.2d 842,1995 Ark. LEXIS 502
July 17, 1995
State Court
Supreme Court
Patty Ann Lueken (for wife) Philip Dixon (for husband)


The wife filed an action for malpractice against the attorney who represented her in her divorce, alleging, among other things, that he was negligent in both failing to have the marital business value and in advising her to sign a property settlement agreement.

See Also

Callahan v. Clark

At issue is the valuation of the couple's business of producing replacement parts for classic cars.