Fair value standard applies in dispute

Business Valuation UpdateVol. 4 No. 10
Legal and Court Case Update
October 1998
2011 Meat Packing Plants
311611 Animal (except Poultry) Slaughtering
judicial dissolution
shareholder dispute, employee stock ownership plan (ESOP)

McCallum v. Rosen's Diversified, Inc.
153 F.3d 701, 1998 U.S. App. LEXIS 20478
June 11, 1998
US
Federal Court
8th Circuit
United States Court of Appeals
Beam

Summary

Plaintiff William McCallum , former chief executive officer of Rosen's Diversified, Inc., was terminated in 1991 and seeks to redeem his stock for $5,000,000. The company offered him $600 ...

See Also

McCallum v. Rosen's Diversified, Inc.

Former chief executive officer and minority stockholder alleges that the company's controlling shareholders acted unfairly toward him.