Fair Value Damages Potentially Include Strategic Premium

Business Valuation UpdateVol. 9 No. 12
Legal and Court Case Update
December 2003
2656 Sanitary Food Containers, Except Folding
322219 Other Paperboard Container Manufacturing
breach of fiduciary duty
breach of fiduciary duty, minority shareholder, minority oppression

Judith A. Lawton et al. v. Robert Nyman et al.
327 F.3d 30, 2003 U.S. App. LEXIS 8069
April 29, 2003
Federal Court
1st Circuit
United States Court of Appeals
William Piccerelli (for directors and officers) <br> Steven Carlson (for minority shareholders)


One of the issues in this shareholder dispute was the proper measure of damages owed to minority shareholders who were bought out at substantially less than subsequent sale price to a strategic buyer.

See Also

Judith A. Lawton et al. v. Robert Nyman et al.

Following trial, the district court found officers and directors with voting control of a closely held family corporation, Nyman Manufacturing Co., to be in breach.