Wife appeals trial court's valuation of husband's convenience stores

Business Valuation UpdateVol. 3 No. 7
Legal and Court Case Update
July 1997

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5941 Sporting Goods Stores and Bicycle Shops
451110 Sporting Goods Stores
marital dissolution/divorce
marital dissolution
Leblanc v. Leblanc
694 So. 2d 1172, 1997 La. App. LEXIS 1448
May 9, 1997
US
State Court
Louisiana
Court of Appeals
Richard Martin, CPA (for wife); Charles Theriot, CPA (for husband)
Fogg

Summary

Wife appealed the trial court's valuation of two marital businesses: 1) Darrell's Enterprises , a bicycle assembly business that also sold some convenience store items; and 2) B.J.'s Quick Stop Inc., which ran 14 convenience stores.

See Also

Leblanc v. Leblanc

Full Text of Court Cases
May 9, 1997

At issue is whether the the trial court erred in not assigning a value to the "goodwill" of B.J.'s Quick Stop and Darrell's Enterprises and in valuing the corporations at liquidation value rather than at fair market value.