Expert’s Poor Grasp of Valuation Issues Undercuts Shareholder Suit

Business Valuation UpdateVol. 22 No. 4
Legal and Court Case Update
April 2016

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shareholder dissent/oppression
expert testimony, mergers and acquisitions (M&A), dissenting shareholder, minority shareholder, controlling shareholder, fairness opinion, earnings before interest, taxes, depreciation, amortization (EBITDA), debt, comparable companies method, going private
Rubin v. Bedford
2015 Ill. App. Unpub. LEXIS 2919
December 24, 2015
US
State Court
Illinois
Appellate Court
Raphael Puga (plaintiffs); Gilbert Matthews, Dr. Elizabeth Eccher (defendants)
McBride

Summary

Appeals court affirms soundness of going private merger; court says plaintiffs failed to point to better offer and their expert lacked formal accounting, economics, and valuation training and displayed a light grasp of issues related to company’s value.

See Also

Rubin v. Bedford

Full Text of Court Cases
December 24, 2015

Appeals court affirms soundness of going private merger; court says plaintiffs failed to point to better offer and their expert lacked formal accounting, economics, and valuation training and displayed a light grasp of issues related to company’s value.