Kentucky Adopts ‘Modern Rule’ Regarding Minority and Marketability Discounts in Statutory Fair Value

Business Valuation UpdateVol. 17 No. 1
Legal and Court Case Update
January 2011
5021 Furniture
423210 Furniture Merchant Wholesalers
dissenting shareholder

Brooks v. Brooks Furniture Mfgrs
2010 WL 4290068 (Ky. App.)
October 29, 2010
US
State Court
Kentucky
Court of Appeals
Philip E.Wilson, Ridley M.Sandidge
Keith Pinkerton (plaintiff) and Mercer Capital and David Clinton Wood (defendant)
Thompson

Summary

Kentucky reviews case law and authorities and adopts majority rule precluding application of marketability discounts in dissenting shareholder appraisals.

See Also

Brooks v. Brooks Furniture Mfgrs

Kentucky reviews case law and authorities and adopts majority rule precluding application of marketability discounts in dissenting shareholder appraisals.