Courts Decry Expert’s Failure to Explore Different Ways to Develop FMV

Business Valuation UpdateVol. 20 No. 6
Legal and Court Case Update
June 2014

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8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
marital dissolution/divorce
buyout, fair market value (FMV), marital dissolution, shareholder agreement
Burstein v. Burstein
2014 Ill. App. Unpub. LEXIS 245
February 13, 2014
US
State Court
Illinois
Court of Appeals
Joseph Modica (wife); Donald Fontana (husband)
Zenoff

Summary

Appeals court affirms trial court’s valuation of medical practices based on buyout provisions where wife’s expert made no attempt to ascertain businesses’ FMV by any other valuation method.

See Also

Burstein v. Burstein

Full Text of Court Cases
February 13, 2014

Appeals court affirms trial court’s valuation of medical practices based on buyout provisions where wife’s expert made no attempt to ascertain businesses’ FMV by any other valuation method.