The Same Capitalization Rate Must Be Used When Determining Actual Value and Value as Represented For Damages from a Fraudulent Business Sale

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
7231 Beauty Shops

Federal Court
8th Circuit
United States Court of Appeals

Summary

The Eighth Circuit reversed a bankruptcy court's calculation of perception damages for fraudulent dale of a business. It found that the Gourleys were entitled to rescission or benefit of the bargain damages, which were measured by the amount they paid le ...

See Also

In re Mary Beth Usery (Ewing B. Gourley v. Mary Beth Usery)

The Eighth Circuit reversed a bankruptcy court's calculation of perception damages for fraudulent dale of a business. It found that the Gourleys were entitled to rescission or benefit of the bargain damages, which were measured by the amount they paid le ...