Unilateral Partnership Dissolution Exacts Steep Price From Wrongdoer

Business Valuation UpdateVol. 22 No. 8
Legal and Court Case Update
August 2016
6512 Operators of Nonresidential Buildings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
contract
goodwill, expert testimony, fair value, discount for lack of marketability (DLOM), going concern, liquidation, minority discount, standard of value, discount for lack of control (DLOC), partnership dispute

Congel v Malfitano (I)
2016 N.Y. App. Div. LEXIS 3706
May 18, 2016
US
State Court
New York
Supreme Court of New York, Appellate Division
Unknown (plaintiffs); unknown (defendant)
Dickerson

Summary

New York appellate court says trial court erred when it declined to apply minority discount in determining “value” of minority shareholder’s interest in partnership where shareholder wrongfully dissolved partnership and buyout was not a fair value proceed ...

See Also

Congel v Malfitano (I)

New York appellate court says trial court erred when it declined to apply minority discount in determining “value” of minority shareholder’s interest in partnership where shareholder wrongfully dissolved partnership and buyout was not a fair value proceed ...