Iowa Supreme Court Affirms Bench Trial Valuation, Upholds No Discount for Lack of Marketability

Business Valuation UpdateVol. 3 No. 11
Legal and Court Case Update
November 1997
5013 Motor Vehicle Supplies and New Parts
441310 Automotive Parts and Accessories Stores
shareholder dissent/oppression
fair value, dissenting shareholder, market approach, last in, first out (LIFO)

Sieg v. Kelly
568 N.W.2d 794, 1997 Iowa Sup. LEXIS 243
September 17, 1997
State Court
Supreme Court
Richard Maroney, Jr. (for plaintiff) <br> Steve Givens (for defendant)


This action was brought to obtain a court appraisal of the fair value of stock the Kellys owned.

See Also

Sieg v. Kelly

At issue is the valuation of the defendant's stock in the plaintiff company, a distributor of automobile parts and supplies.