Loss of Value Occasioned by Majority Shareholder’s Breach of Fiduciary Duty Considered in Statutory Appraisal Action

Business Valuation Update BVLaw
Legal and Court Case Update
November 26, 2004

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shareholder dissent/oppression
Bingham Consolidation Company v. Robert Groesbeck, et al.
2004 UT 434
US
State Court
Utah
Court of Appeals
Daniel E. Barnett, John B. Wilson, Robert S. Clark
Jackson

Summary

The Utah Court of Appeals affirmed the lower court’s decision to consider the effect of a majority shareholder’s breach of fiduciary duty on the stock value when determining that stock’s value in a dissenting shareholders’ appraisal action.

See Also

Bingham Consolidation Company v. Robert Groesbeck, et al.

Full Text of Court Cases
November 26, 2004

The Utah Court of Appeals affirmed the lower court’s decision to consider the effect of a majority shareholder’s breach of fiduciary duty on the stock value when determining that stock’s value in a dissenting shareholders’ appraisal action. It found that ...