Date of Separation Is Not the Valuation Date

Business Valuation Update BVLaw
Legal and Court Case Update
April 20, 2003

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marital dissolution/divorce
James C. Thomas, Jr. v. Sandra L. Thomas
No. 3297-01-4 (VA App. 2003)
US
State Court
Virginia
Court of Appeals
Annunziata

Summary

The Virginia Court of Appeals reversed the lower court’s valuation of a closely held company, which was valued as of the date of separation.

See Also

James C. Thomas, Jr. v. Sandra L. Thomas

Full Text of Court Cases
April 20, 2003

The Virginia Court of Appeals reversed the lower court’s valuation of a closely held company, which was valued as of the date of separation. It found that by the time of the equitable distribution hearing the business was not operating and insolvent as a ...