Court Calls Expert Statutory Fair Value ‘Too Good to Be True’

Business Valuation UpdateVol. 15 No. 2
Legal and Court Case Update
February 2009
7389 Business Services, NEC
561422 Telemarketing Bureaus and Other Contact Centers
breach of fiduciary duty

Encompass Teleservices, Inc. v. Sheets
2009 WL 5156561 (D. Or.)
December 9, 2008
US
Federal Court
Oregon
United States District Court
Christopher Lundberg, Jess G Webster, Joel Watkins, Matthew A Goldberg, Michael K Kelley, Philip S Van Der Weele
William Partin
Hubel

Summary

Court reduces statutory fair value valuation of minority shareholder’s interest due to expert’s failure to account for company’s financial troubles and fraud.

See Also

Encompass Teleservices, Inc. v. Sheets

Court reduces statutory fair value valuation of minority shareholder’s interest due to expert’s failure to account for company’s financial troubles and fraud.