Expert’s Calculation Report Fails to Yield ‘Actual Fair Valuation’

Business Valuation UpdateVol. 20 No. 3
Legal and Court Case Update
March 2014
8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
judicial dissolution

Surgem, LLC v. Seitz
2013 N.J. Super. Unpub. LEXIS 2491
October 16, 2013
US
State Court
New Jersey
Superior Court, Appellate Division
Michael Lehner (plaintiffs); Timothy Blackmer (defendant)
Lihotz

Summary

Appellate court affirms trial court’s rejection of expert opinion where expert only prepared a “calculation of value,” based on the method the client determined and without the materials necessary to opine on the “actual fair valuation” of the company.

See Also

Surgem, LLC v. Seitz

Appellate court affirms trial court’s rejection of expert opinion where expert only prepared a “calculation of value,” based on the method the client determined and without the materials necessary to opine on the “actual fair valuation” of the company.