Minnesota Court Adopts Elements From Both Majority and Minority Valuations

Business Valuation Update BVLaw
Legal and Court Case Update
May 29, 2001
3651 Household Audio and Video Equipment
334310 Audio and Video Equipment Manufacturing
dissenting shareholder
minority shareholder

Advanced Communication Design, Inc. v. Follett (III)
2001 Minn. App. LEXIS 589
US
State Court
Minnesota
Court of Appeals
Shumaker

Summary

In Advanced Communication Design v. Follet, 601 N.W.2d 707 (Minn. Ct. App. 1999) (abstracted in January 2000), the court ruled that a marketability discount should not apply because a majority shareholder's conduct had oppressed a minority shareholder.

See Also

Advanced Communication Design, Inc. v. Follett (III)

At issue is the marketability discount of respondent's shares of Advanced Communication Design, Inc.