Appellate Court Reverses Trial Court’s Decision Because Findings Were Based on Old Valuation

Business Valuation UpdateVol. 8 No. 9
Legal and Court Case Update
September 2002

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2841 Soaps and Other Detergents, Except Speciality Cleaners
325611 Soap and Other Detergent Manufacturing
marital dissolution/divorce
marital dissolution
Craig-Garner v. Garner
77 S.W.3d 34, 2002 Mo. App. LEXIS 1144
May 28, 2002
US
State Court
Missouri
Court of Appeals
Thomas L. Hoops, CPA, CVA (for wife)
Mooney

Summary

The trial court held that husband's marital interest in Garman Co. Inc. consisted of his marital shares in Garman valued at $40,550, plus the additional contribution of husband's share of the retained earnings reinvested in the company during the marriage, $171,467.

See Also

Craig-Garner v. Garner

Full Text of Court Cases
May 28, 2002

The appellate court reversed the trial court's valuation because it had based its findings on an outdated valuation report.