Attorneys and Appraisers May be Liable for Wrong FV in Proxy Statement

Business Valuation UpdateVol. 17 No. 8
Legal and Court Case Update
August 2011
malpractice (appraisal)

Amboy Bancorporation v. The Bank Advisory Group
2011 WL 1533012 (C.A. 3 (N.J.))
US
Federal Court
3rd Circuit
United States Court of Appeals
The Bank Advisory Group
Vanaskie

Summary

Third Circuit reverses district court determination that attorneys and appraisers are not liable for material misstatements of fair value in a proxy statement, remanding case for possible findings of malpractice and apportionment of liability for $33 mill ...

See Also

Amboy Bancorporation v. The Bank Advisory Group

Third Circuit reverses district court determination that attorneys and appraisers are not liable for material misstatements of fair value in a proxy statement, remanding case for possible findings of malpractice and apportionment of liability for $33 mill ...