Purchase price included net proceeds from life insurance policies

Business Valuation UpdateVol. 10 No. 2
Legal and Court Case Update
February 2004

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2653 Corrugated and Solid Fiber Boxes
322211 Corrugated and Solid Fiber Box Manufacturing
Buckeye Corrugated, Inc. v. Derycke
2003 Ohio 6321, 2003 Ohio App. LEXIS 5703
November 26, 2003
US
State Court
Ohio
Court of Appeals
Whitmore

Summary

Douglas DeRycke was an employee shareholder of Buckeye Corrugated, Inc. (BCI), owning 108,000 shares of BCI stock.

See Also

Buckeye Corrugated, Inc. v. Derycke

Full Text of Court Cases
November 26, 2003

Trial court erred by allowing BCI to reinterpret contract language to mean proceeds from additional insurance policies (of decedent) would be distributed amongst shareholders.