Valuation Date Is the Date of Filing

Business Valuation Update BVLaw
Legal and Court Case Update
November 17, 2000
6111 Federal and Federally-Sponsored Credit Agencies
522292 Real Estate Credit
judicial dissolution
minority shareholder, valuation date

Hollis v. Hill
232 F.3d 460, 2000 U.S. App. LEXIS 29343
Federal Court
5th Circuit
United States Court of Appeals
Dixon & Company (pre-trial)<br>Jeff Schumacher<br>Rob Hancock


The 5th Circuit determined that, under Nevada corporate law, shareholders in a closely held company financial services company have a fiduciary duty to each other.

See Also

Hollis v. Hill

At issue is breach of fiduciary duty by the defendant for ordering a buy-out of the plaintiff's shares based on their corporation's value more than one year prior to the date of judgment.