Business Broker’s Opinion of Value Is a Material Fact Required to Be Disclosed to Minority Shareholders

Business Valuation Update BVLaw
Legal and Court Case Update
November 27, 1998
3599 Industrial and Commercial Machinery and Equipment, NEC
332710 Machine Shops
breach of fiduciary duty

Raymond E. Thorne v. Donald H. Bauder, et al.
No. 97CA0133 (Colo. App. 1998)
US
State Court
Colorado
Court of Appeals
Criswell

Summary

The Colorado Court of Appeals ruled that a business broker's appraisal was a material fact that should have been disclosed during negotiations between the majority and minority shareholders in this breach of fiduciary duty action.

See Also

Raymond E. Thorne v. Donald H. Bauder, et al.

The Colorado Court of Appeals ruled that a business broker's appraisal was a material fact which should have been disclosed during negotiations between the majority and minority shareholders in this breach of fiduciary duty action. The court considered a ...