Wisconsin Court Refuses to Apply Minority Discount in Dissenting Shareholder Case

Business Valuation UpdateVol. 5 No. 7
Legal and Court Case Update
July 1999

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8062 General Medical and Surgical Hospitals
622110 General Medical and Surgical Hospitals
shareholder dissent/oppression
fair value
HMO-W v. SSM Health Care System (I)
228 Wis. 2d 815, 598 N.W.2d 577, 1999 Wisc. App. LEXIS 722
June 17, 1999
US
State Court
Wisconsin
Court of Appeals
James Pizzo (for plaintiff) <br> Patrick Hurst (for defendant)
Dykman

Summary

SSM Health Care System (SSM), a minority shareholder of HMO-Wisconsin Inc. (HMO-W), appealed the circuit court decision to apply a minority discount when it valued the fair value of SSM's HMO-W's shares prior to HMO-W's merger with United Wisconsin Services.

See Also

HMO-W v. SSM Health Care System (I)

Full Text of Court Cases
June 17, 1999

At issue is whether a circuit court may apply a minority discount when appraising the "fair value" of a dissenter's shares under § 180.1330, Stats.