Fair Value Determination Remanded Due to Lack of Evidence

Business Valuation Update BVLaw
Legal and Court Case Update
July 9, 2001

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2051 Bread and Other Bakery Products, Except Cookies and Crackers
445291 Baked Goods Retailers
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.

Full Text of Court Cases
July 9, 2001

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