Expert’s Solid DCF and Industry Research Sway Court

Business Valuation UpdateVol. 21 No. 1
Legal and Court Case Update
January 2015

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3674 Semiconductors and Related Devices
334413 Semiconductor and Related Device Manufacturing
judicial dissolution
goodwill, income approach, bizcomps, discount for lack of marketability (DLOM), discounted cash flow (DCF), market approach, minority shareholder, growth rate, guideline publicly-traded company method, new york blc, equity value, growth projections, solar energy
Wright v. Irish (Hudson Valley Clean Energy, Inc.)
2014 N.Y. Sup. Ct. Index No. 2111/2014
November 7, 2014
US
State Court
New York
Supreme Court
Greg Scheig (petitioner); Wayne Day (respondent)
Forman

Summary

Court discredits respondent expert’s capitalization of earnings calculation and market-based analysis, noting “severe deficiencies” and instead adopts petitioner expert’s valuation but applies DLOM to entire equity value, not just goodwill.

See Also

Wright v. Irish (Hudson Valley Clean Energy, Inc.)

Full Text of Court Cases
November 7, 2014

Court discredits respondent expert’s capitalization of earnings calculation and market-based analysis, noting “severe deficiencies” and instead adopts petitioner expert’s valuation but applies DLOM to entire equity value, not just goodwill.