Minority Interest Discount Considered

Business Valuation Update BVLaw
Legal and Court Case Update
April 5, 2004
7389 Business Services, NEC
561920 Convention and Trade Show Organizers
breach of fiduciary duty
breach of fiduciary duty

Adelson v. Adelson
2004 Mass. App. LEXIS 357
State Court
Court of Appeals
Bruce A. Singal, Franklin H. Levy, Martha Born


The Massachusetts Court of Appeals considered whether the inclusion of discounts in the purchase price a majority shareholder paid to a minority shareholder for his stock was material information that should have been disclosed to the minority shareholder.

See Also

Adelson v. Adelson

Father purchases stock back from his son five months prior to liquidating the company's main asset, making it possible to settle notes with stockholders for higher value.