What ‘FMV’? Bankruptcy Court Restricts Car Dealer’s Damages

Business Valuation UpdateVol. 19 No. 9
Legal and Court Case Update
September 2013

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5511 Motor Vehicle Dealers (New and Used)
441110 New Car Dealers
bankruptcy
damages, lost profits, bankruptcy, fair market value (FMV)
In re: American Suzuki Motor Corporation
2013 Bankr. LEXIS 2276
June 4, 2013
US
Federal Court
California
United States Bankruptcy Court
John W. Forehand, Joseph Roesner (dealer/complainant); Herbert Walter (debtor)
Clarkson

Summary

Bankruptcy court finds car dealer’s claim for fair market value of its franchise based on state law dealer statute is invalid under Bankruptcy Code; expert testimony only supports past lost profit damages for cars and parts and accessories in stock at tim ...

See Also

In re: American Suzuki Motor Corporation

Full Text of Court Cases
June 4, 2013

Bankruptcy court finds car dealer’s claim for fair market value of its franchise based on state law dealer statute is invalid under Bankruptcy Code; expert testimony only supports past lost profit damages for cars and parts and accessories in stock at tim ...

This article also appears in:
Business Valuation UpdateVol. 19 No. 9
The Comprehensive Guide to Economic Damages, Seventh Edition