Comparable Transaction Exposes Error in Court’s Enterprise Goodwill Ruling

Business Valuation UpdateVol. 22 No. 3
Legal and Court Case Update
March 2016
6282 Investment Advice
523930 Investment Advice
marital dissolution/divorce
divorce, enterprise goodwill, expert testimony, income approach, personal goodwill, market approach, equitable distribution, valuation date, comparable transactions method

In re Marriage of Johnson
2015 Ill. App. Unpub. LEXIS 2673
December 2, 2015
US
State Court
Illinois
Appellate Court of Illinois
Melissa A. Gragg, Kevin S. Carlie (wife); Brent D. Maschhoff (husband); FP Transitions (husband)
Stewart

Summary

Appeals court strikes divorce ruling adopting income-based valuation of enterprise value of owner’s financial services business, valuation conflicts with data from similar transaction that occurred close to valuation date and involved owner-spouse.

See Also

In re Marriage of Johnson

Appeals court strikes divorce ruling adopting income-based valuation of enterprise value of owner’s financial services business, valuation conflicts with data from similar transaction that occurred close to valuation date and involved owner-spouse.