May Court Disregard Shareholder Agreement in Judicial Buyout?

Business Valuation UpdateVol. 20 No. 5
Legal and Court Case Update
May 2014
7363 Help Supply Services
561320 Temporary Help Services
judicial dissolution
market approach, minority shareholder, shareholder agreement, majority shareholder, comparable

Piche v. Braaten
2014 Minn. App. Unpub. LEXIS 92
February 3, 2014
US
State Court
Minnesota
Court of Appeals
Unknown (appellants); Unknown (respondent)
Kirk

Summary

Appeals court finds in judicial buyout, district court properly updated stock price listed in shareholder agreement and could disregard experts’ market approach values, but it erred when it abandoned the contract’s terms as to the manner of the payment.

See Also

Piche v. Braaten

Appeals court finds in judicial buyout, district court properly updated stock price listed in shareholder agreement and could disregard experts’ market approach values, but it erred when it abandoned the contract’s terms as to the manner of the payment.