Value of Noncompete Agreement Considered in Bankruptcy Case

Business Valuation Update BVLaw
Legal and Court Case Update
July 14, 2000

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3272 Concrete Products, Except Block and Brick
327390 Other Concrete Product Manufacturing
bankruptcy
Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit
No. 00-1107 (7th Cir. 2000)
US
Federal Court
7th Circuit
United States Court of Appeals
Easterbrok

Summary

The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.

See Also

Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit

Full Text of Court Cases
July 14, 2000

The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.