Valuation based on expert testimony rather than purchase price and loan application values upheld

Business Valuation UpdateVol. 10 No. 6
Legal and Court Case Update
June 2004

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5941 Sporting Goods Stores and Bicycle Shops
451110 Sporting Goods Stores
marital dissolution/divorce
marital dissolution
Dobbins v. Dobbins
2004 Ark. App. LEXIS 67
January 21, 2004
US
State Court
Arkansas
Court of Appeals
Kimberly O'Dell, CPA, CVA (for husband); Richard Beauchamp, CPA (for husband)
Bird

Summary

One issue in this marital dissolution was the valuation of stock in two closely held companies.

See Also

Dobbins v. Dobbins

Full Text of Court Cases
January 21, 2004

Wife contends that value of stock in outdoor equipment store should be based on a previous sale of same stock, not on valuation. On appeal, stock is valued according to the valuation.