NY Court Ratifies DLOM in Fair Value of Real Estate Companies

Business Valuation UpdateVol. 19 No. 2
Legal and Court Case Update
February 2013
6513 Operators of Apartment Buildings
531110 Lessors of Residential Buildings and Dwellings
dissenting shareholder

Giaimo v. Vitale (II)
2012 N.Y. App. Div. LEXIS 8706
US
State Court
New York
Supreme Court of New York, Appellate Division
Z. Christopher Mercer (petitioner); Joan Lipton and Jeffery Baliban (respondent)
Panel

Summary

In dissenting shareholder case, appellate court affirms application of DLOM to statutory fair value of real estate holding companies, as well as present-value discount for taxes on built-in gains (BIG).

See Also

Giaimo v. Vitale (II)

In dissenting shareholder case, appellate court affirms application of DLOM to statutory fair value of real estate holding companies, as well as present-value discount for taxes on built-in gains (BIG).