Stock Must Be Valued Using Fair Market Value Standard

Business Valuation Update BVLaw
Legal and Court Case Update
June 19, 2003

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6022 State Commercial Banks
breach of fiduciary duty
Michael T. Willis, et al. v. Dan Donnelly
No. 14-00-00569-CV (Tex. App. 14 Dist. [Houston] 2003)
US
State Court
Texas
Court of Appeals
Seymore

Summary

The Texas Court of Appeals for the 14th District valued stock in a spa in this breach of contract and fiduciary duty case. The parties’ contract required that stock in the spa be valued as the greater of the asset value or two years’ earnings.

See Also

Michael T. Willis, et al. v. Dan Donnelly

Full Text of Court Cases
June 19, 2003

The Texas Court of Appeals for the Fourteenth District valued stock in a spa in this breach of contract and fiduciary duty case. The parties’ contract required that stock in the spa be valued as the greater of the asset value or two years’ earnings. On ...