Is a Buy-Sell at Book Value Unconscionable, When FMV Is 60x Greater?

Business Valuation UpdateVol. 17 No. 9
Legal and Court Case Update
September 2011

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (746 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
buy/sell agreement
Estate of Cohen v. Booth Computers
2011 WL 2694288 (N.J. Super)
July 13, 2011
US
State Court
New Jersey
Court of Special Appeals
Dennis Kremer (plaintiff); Sam Rosenfarb (defendant)
Carchman

Summary

Appellate court rules that a buy-sell provision at book value is not unconscionable and confirms buyout of deceased partner, despite leaving remaining partner with a fair market value nearly 60 times greater than buyout price.

See Also

Estate of Cohen v. Booth Computers

Full Text of Court Cases
July 13, 2011

Appellate court rules that a buy-sell provision at book value is not unconscionable and confirms buy-out of deceased partner, despite leaving remaining partner with a fair market value nearly 60 times greater than buy-out price.