Federal Court’s Declaring Valuation Date and Methodology Does Not Interfere With State Probate

Business Valuation UpdateVol. 11 No. 10
Legal and Court Case Update
October 2005
buy/sell agreement
cost approach, discount for lack of marketability (DLOM), discounted cash flow (DCF), fair market value (FMV), limited liability company, market approach, minority discount, valuation date, operating agreement

Uzielli v. Frank
2005 U.S. App. LEXIS 11614
June 15, 2005
US
Federal Court
6th Circuit
United States Court of Appeals
PricewaterhouseCoopers
Suhrheinrich

Summary

The issue in this case was whether a federal district court could issue a declaratory judgment deciding the meaning of the agreement without interfering with state probate proceedings, and thereby negating federal subject matter jurisdiction.

See Also

Uzielli v. Frank

The issue in this case, involving a dispute over the meaning of the operating agreement of Alph Company, LLC (Alph) as to how the company was to be valued upon the death of one its two members, was whether a federal district court could issue a declarator ...