Distinction Between 50% and Minority Shareholder Immaterial

Business Valuation UpdateVol. 7 No. 2
Legal and Court Case Update
February 2001
6111 Federal and Federally-Sponsored Credit Agencies
522292 Real Estate Credit
judicial dissolution
minority shareholder, valuation date

Hollis v. Hill
232 F.3d 460, 2000 U.S. App. LEXIS 29343
November 17, 2000
Federal Court
5th Circuit
United States Court of Appeals
Dixon & Company (pre-trial)<br>Jeff Schumacher<br>Rob Hancock


This is an appeal from the United States District Court for the Southern District of Texas, in which appellant Dan Hill sought to overrule the District Court's ruling that he should buy out appellee James Hollis' 50% interest in First Financial USA Inc. (FFUSA).

See Also

Hollis v. Hill

At issue is breach of fiduciary duty by the defendant for ordering a buy-out of the plaintiff's shares based on their corporation's value more than one year prior to the date of judgment.