Court Denies Deduction of Trapped in Capital Gains Tax; Disallows Deduction for Liquidation Costs

Business Valuation Update BVLaw
Legal and Court Case Update
March 7, 2000
6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
shareholder dissent/oppression
fair value, net asset value, american institute of certified public accountants (AICPA), cash-out merger

Paskill Corp. v. Alcoma Corp.
747 A.2d 549,2000 Del. LEXIS 117
State Court
Supreme Court


This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc. (Okeechobee).

See Also

Paskill Corp. v. Alcoma Corp.

At issue is the fair market value of minority shareholder's stock at the time of a merger.