Lack of Marketability Discount Permitted When Valuing Stock in Breach of Fiduciary Duty Case

Business Valuation Update BVLaw
Legal and Court Case Update
September 30, 2003

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breach of fiduciary duty
Gary Thompson, et al. v. Allen B. Miller, et al.
No. C037787 (Cal. App. 3 Dist. 2003)
US
State Court
California
Court of Appeals
Nicholson

Summary

The California Court of Appeals, 3rd District, affirmed a jury's determination that a majority shareholder did not breach his fiduciary duty when he purchased the minority shareholders' stock.

See Also

Gary Thompson, et al. v. Allen B. Miller, et al.

Full Text of Court Cases
September 30, 2003

The California Court of Appeals, Third District affirmed a jury's determination that a majority shareholder did not breach his fiduciary duty when he purchased the minority shareholders' stock. The Jury accepted the valuation of the stock that included di ...