Turnkey Value of Restaurant Rejected When No Security Interest Was Taken in the Business or Its Goodwill

Business Valuation Update BVLaw
Legal and Court Case Update
February 18, 1998

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5812 Eating and Drinking Places
722511 Full-Service Restaurants
contract
goodwill, breach of contract, fixed assets
Michael Munao and Charlene Munao v. Nicholas Lagattuta, et al.
No. 1-96-1990 (Ill. App. 1 Dist. 1998)
US
State Court
Illinois
Court of Appeals
Erwin Linkman, Burton Tunick
Cahill

Summary

The Illinois Court of Appeals, 3rd Division, affirmed the lower court's valuation of collateral.

See Also

Michael Munao and Charlene Munao v. Nicholas Lagattuta, et al.

Full Text of Court Cases
February 18, 1998

The Illinois Court of Appeals, 3rd Division, affirmed the lower court's valuation of collateral—a restaurant's fixed assets and inventory.