Shareholder Agreement Sparks Suit Over Discount Use in FMV Calculation

Business Valuation UpdateVol. 22 No. 4
Legal and Court Case Update
April 2016

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5812 Eating and Drinking Places
722513 Limited-Service Restaurants
breach of fiduciary duty
expert testimony, discount for lack of marketability (DLOM), minority interest, discount for lack of control (DLOC), stock buyback, stock valuation
In re Estate of Bittner (Bittner I)
2014 Pa. Dist. & Cnty. Dec. LEXIS 857
September 17, 2014
US
State Court
Pennsylvania
Probate Court
Unknown (executors); none (appellants)
Livengood

Summary

Probate court says expert and other testimony aiding in interpretation of ambiguous shareholder agreement shows that fair market value determination of decedent’s minority interest allowed for use of discounts for lack of marketability and control.

See Also

In re Estate of Bittner (Bittner I)

Full Text of Court Cases
September 17, 2014

Probate court says expert and other testimony aiding in interpretation of ambiguous shareholder agreement shows that fair market value determination of decedent’s minority interest allowed for use of discounts for lack of marketability and control.