Company Sale Not Evidence of Fair Value

Business Valuation UpdateVol. 5 No. 2
Legal and Court Case Update
February 1999

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3295 Minerals and Earths, Ground or Otherwise Treated
212399 All Other Nonmetallic Mineral Mining
shareholder dissent/oppression
fair value
Ely, Inc. v. Wiley
587 N.W.2d 465,1998 Iowa Sup. LEXIS 293
December 23, 1998
US
State Court
Iowa
Supreme Court
Paul Much (for appellant) <br> Yale Kramer (for appellant)
Harris, Carter, Lavorato, Neuman, Snell

Summary

Wiley and others formed Ely Inc. to develop and sell a process for grinding coal and other substances into fine powder for power plants.

See Also

Ely, Inc. v. Wiley

Full Text of Court Cases
December 23, 1998

At issue is the valuation of the appellee's stock by the appellant's expert witness.