Fair Value Determination Remanded Due to Lack of Evidence

Business Valuation Update BVLaw
Legal and Court Case Update
July 9, 2001
2051 Bread and Other Bakery Products, Except Cookies and Crackers
445291 Baked Goods Stores
judicial dissolution
fair value, shareholder dispute, market approach

Torres v. Schripps, Inc.
42 N.J. Super. 419, 776 A.2d 915, 2001 N.J. Super. LEXIS 294
US
State Court
New Jersey
Supreme Court
Stephen C. Chait, CPA (for Schripps)
Wallace

Summary

In this dispute over the valuation of closely held corporation stock, the appellate court reversed and remanded the trial court's valuation of the corporation.

See Also

Torres v. Schripps, Inc.

At issue is the value and date of valuation of the shares of stock of Schripps, a closely held corporation.