Wife presents no expert; court rejects husband's account/attorney's testimony

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

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5812 Eating and Drinking Places
722513 Limited-Service Restaurants
marital dissolution/divorce
evidence, franchise, marital dissolution, book value
Blackstone v. Blackstone
288 Ill. App. 3d 905, 681 N.E.2d 72, 1997 Ill. App. LEXIS 337
May 30, 1997
US
State Court
Illinois
Court of Appeals
James Friel (for respondent)
Zwick

Summary

The marital estate owned three companies: 1.) RJB , which operated a Wendy's franchise, 2.) RGJ , which owned the land and building, housing the restaurant, and 3.) Two B's , which rent ...

See Also

Blackstone v. Blackstone

Full Text of Court Cases
May 30, 1997

At issue is whether the trial court improperly valued three corporations owned by respondent as having a value to the marital estate of $ 300,000, when the only expert testimony at trial indicated that the corporations had a fair market value of $ 0.