With Expert Help, N.Y. Court Computes Deli’s Fair Value

Business Valuation UpdateVol. 19 No. 10
Legal and Court Case Update
October 2013
5812 Eating and Drinking Places
722513 Limited-Service Restaurants
judicial dissolution
fair value, income approach, discount for lack of marketability (DLOM), discounted cash flow (DCF), market approach

Ruggiero v. Ruggiero
2013 N.Y. Misc. LEXIS 3698
July 29, 2013
US
State Court
New York
Supreme Court
Ronald Klein (plaintiff); Russell Glazer (defendants)
Pines

Summary

New York court enlists expert valuators to determine the fair value of a deli, occupying a “unique niche,” following the death of one of two equal owners; the court adopts the defendant expert’s income approach but rejects the proposed 20% discount for lack of marketability.

See Also

Ruggiero v. Ruggiero

New York court enlists expert valuators to determine the fair value of a deli, occupying a “unique niche,” following the death of one of two equal owners; the court adopts the defendant expert’s income approach but rejects the proposed 20% discount for lack of marketability.