Multimillion-Dollar Personal Goodwill Allocation Leaves Court Stunned

Business Valuation UpdateVol. 20 No. 12
Legal and Court Case Update
December 2014
7319 Advertising, NEC
541890 Other Services Related to Advertising
dissenting shareholder
personal goodwill, buyout, dissenting shareholder, fair market value (FMV), minority shareholder, noncompete agreement, employment agreement

Potok v. Rebh
2014 Phila. Ct. Com. Pl. LEXIS 318
September 16, 2014
US
State Court
Pennsylvania
Philadelphia Court of Common Pleas, Trial Division
Brett Margolin (plaintiff); Scott Salpeter and Christopher Mansueto, Ladenburg Thalmann & Co., Inc. (defendants)
Snite, Jr.

Summary

Court says defendants were unjustly enriched when they allocated 40% of the price a competitor paid for assets of and to settle lawsuit with their company to personal goodwill where they also received compensation for consulting services and noncompetes.

See Also

Potok v. Rebh

Court says defendants were unjustly enriched when they allocated 40% of the price a competitor paid for assets of and to settle lawsuit with their company to personal goodwill where they also received compensation for consulting services and noncompetes.