Lack of Marketability a Factor in Valuing Minority Interest

Business Valuation UpdateVol. 21 No. 2
Legal and Court Case Update
February 2015

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5812 Eating and Drinking Places
722511 Full-Service Restaurants
judicial dissolution
expert testimony, fair value, breach of fiduciary duty, buyout, discount for lack of marketability (DLOM), forensic accounting, dissolution, diversion of assets, gross sales, net income approach
Cortes v 3A N. Park Ave. Rest Corp.
2014 N.Y. Misc. LEXIS 4693
US
State Court
New York
Supreme Court
Michael J. Garibaldi (plaintiff); Howard Cannon (defendants)
Demarest

Summary

In buyout case, calculation of fair value of minority shareholder’s interest in restaurant turns on forensic accountant’s credit/cash ratio analysis; New York trial court says law recognizes lack of marketability as a factor in valuing closely held corpor ...

See Also

Cortes v. 3A N. Park Ave. Rest Corp.

Full Text of Court Cases
January 16, 2015

In buyout case, calculation of fair value of minority shareholder’s interest in restaurant turns on forensic accountant’s credit/cash ratio analysis; New York trial court says law recognizes lack of marketability as a factor in valuing closely held corpor ...

This article also appears in:
Business Valuation UpdateVol. 21 No. 2
The Comprehensive Guide to Economic Damages, Seventh Edition