Breach of Fiduciary Duty Results in Award of 100% the Value of Business to Wronged Spouse

Business Valuation UpdateVol. 8 No. 9
Legal and Court Case Update
September 2002

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5063 Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials
423610 Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
marital dissolution/divorce
breach of fiduciary duty, marital dissolution
In re the Marriage of Valdovinos
2002 Cal. App. Unpub. LEXIS 2027
June 11, 2002
US
State Court
California
Court of Appeals
Gaut

Summary

The Court of Appeals upheld the trial court's valuation of the business at $327,000 and award of 100% of the value to wife.

See Also

In re the Marriage of Valdovinos

Full Text of Court Cases
June 11, 2002

Court of appeals noted that the trial court "offered a detailed analysis" of how it reached it's valuation and so upheld it.