More Cases ... Shareholder Dispute: Weigel Broadcasting

Business Valuation UpdateVol. 3 No. 1
Legal and Court Case Update
January 1997
4833 Television Broadcasting Stations
515120 Television Broadcasting
dissenting shareholder
fair value, discounted cash flow (DCF), market approach, minority interest, marketability

Weigel Broadcasting v. Smith
289 Ill. App. 3d 602, 682 N.E.2d 745, 1996 Ill. App. LEXIS 941
December 12, 1996
US
State Court
Illinois
Court of Appeals
John McCluskey (for plaintiff) <br> Thomas Buono (for defendant)
Wolfson

Summary

This case was reopened on the dissenter's opinion that the trial court discounted the value of their shares due to their illiquidity and minority, thereby equating fair value with market value and erring as a matter of law.

See Also

Weigel Broadcasting v. Smith

At issue is the meaning of the words "fair value" in the Business Corporation Act.