Valuator’s Strong Disclaimer Made Reliance on Its Opinion of Value Unjustifiable When Adversarial Parties Allege Dishonesty

Business Valuation Update BVLaw
Legal and Court Case Update
February 3, 1999
fraud

Ann A. Mergens, et al. v. Alex W. Dreyfoos, Jr. et al.
No. 97-5412 (11th Cir. 1999)
US
Federal Court
11th Circuit
United States Court of Appeals

Summary

The 11th Circuit determined that, when the parties are in an adversarial relationship where dishonesty and fraud have been alleged, it is unreasonable to rely upon representations made by the allegedly dishonest party.

See Also

Ann A. Mergens, et al. v. Alex W. Dreyfoos, Jr. et al.

The Eleventh Circuit determined that when the parties are in an adversarial relationship where dishonesty and fraud have been alleged, it is unreasonable to rely upon representations made by the allegedly dishonest party when negotiating a stock sale to a ...