Nevada Adopts ‘Flexible’ Approach to Fair Value, Supported by Delaware Law

Business Valuation UpdateVol. 17 No. 8
Legal and Court Case Update
August 2011
dissenting shareholder

American Ethanol, Inc. v. Cordillera Fund, LP
2011 WL 1706823 (Nev.)
May 5, 2011
US
State Court
Nevada
Supreme Court
none
Cherry

Summary

Nevada Supreme court adopts “Delaware” approach to statutory fair value, requiring both parties to prove their respective positions on value but leaving the court to make the final, independent determination, based on the evidence and the equities.

See Also

American Ethanol, Inc. v. Cordillera Fund, LP

Nevada Supreme court adopts “Delaware” approach to statutory fair value, requiring both parties to prove their respective positions on value but leaving the court to make the final, independent determination, based on the evidence and the equities.