Lay Testimony About Offer to Buy Represents Admissible Valuation Evidence

Business Valuation UpdateVol. 22 No. 4
Legal and Court Case Update
April 2016
1711 Plumbing, Heating, and Air-Conditioning
238220 Plumbing, Heating, and Air-Conditioning Contractors
marital dissolution/divorce
divorce, expert testimony, asset approach, capitalization of earnings, discount for lack of marketability (DLOM), discounted cash flow (DCF), fair market value (FMV), market approach, appreciation, separate property, valuation, gift

Berger v. Berger
2015 Ohio App. LEXIS 5336
December 31, 2015
US
State Court
Ohio
Court of Appeals
John D. Davis (husband); Robert A. Ranallo (wife)
Wright

Summary

Appeals court says nonexpert testimony on a real-world offer to buy owner-spouse’s company was relevant and, therefore, admissible because it provided valuation evidence based on market approach; court remands for rehearing on all valuation testimony.

See Also

Berger v. Berger

Appeals court says nonexpert testimony on a real-world offer to buy owner-spouse’s company was relevant and, therefore, admissible because it provided valuation evidence based on market approach; court remands for rehearing on all valuation testimony.