Plaintiff Receives Value of Demised Business Interest as Damages

Business Valuation UpdateVol. 2 No. 7
Legal and Court Case Update
July 1996
6321 Accident and Health Insurance
525190 Other Insurance Funds
economic damages & lost profits
shareholder agreement

American Federal Group v. Rothenberg
91 Civ. 7860 (THK) (SWK), 1998 U.S. Dist. LEXIS 7832
May 27, 1998
Federal Court
New York
United States District Court
Timothy Cunningham (for American Fed)<br>Douglas Moat (for Rothenberg)


This action arises out of the demise of a wholesale insurance business (AFG), owned 60% by plaintiff, Dennis A. Herman, and 40% by defendant, Barnett Rothenberg.

See Also

American Federal Group v. Rothenberg

At issue is plaintiffs' claim of breach of fiduciary duty by the defendant.