Court Rejects Experts' Opinions, Uses Tendered Price

Business Valuation UpdateVol. 10 No. 7
Legal and Court Case Update
July 2004
6022 State Commercial Banks
dissenting shareholder

Rainforest Cafe, Inc. v. State of Wisconsin Investment Board
No. A03-813 (Minn. App. 2004)
April 13, 2004
US
State Court
Minnesota
Court of Appeals
David Y. Trevor
Richard May <br> Donald Erickson <br> Don Nicholson <br> Chris Mercer <br>
Halbrooks

Summary

The issue in this dissenters’ rights action was the fair value of the shares of Rainforest Cafe Inc.

See Also

Rainforest Cafe, Inc. v. State of Wisconsin Investment Board

The Minnesota Court of Appeals affirmed the lower court’s determination of fair value at the merger consideration in this dissenting shareholder action. It affirmed the lower court’s decision to give no weight to the four experts that testified because th ...