Change in Policy Breaches Good Faith Even If It Does Not Violate GAAP

Business Valuation UpdateVol. 10 No. 7
Legal and Court Case Update
July 2004
4924 Natural Gas Distribution
221210 Natural Gas Distribution
buy/sell agreement
shareholder dispute

Eggett v. Wasatch Energy Corporation
2004 UT 28, 497 Utah Adv. Rep. 16, 2004 Utah LEXIS 56
April 16, 2004
State Court
Supreme Court
Merrill F. Nelson, Perrin R. Love


The issue in this case was the admittance of evidence concerning the company’s book value.

See Also

Eggett v. Wasatch Energy Corporation

Issue was whether former officer and stockholder was entitled to book value or par value under the parties' shareholder agreement.