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Subsequent Transaction Used to Find Damages Without Trial in New York Case

In this surmised summary judgment as to damages, a New York trial court awarded damages to the plaintiff in a breach of contract suit. The determination of damages was made without a trial but “on paper.” Additionally, the court used a subsequent sale of the stock to determine the damages and opine that the company was “worthless.” Read more >>

Preview: Understanding Business Valuation, 6th Edition

In this exciting new edition of Understanding Business Valuation, Gary Trugman takes his characteristic talent for simplifying the technical and complex to even greater heights. In his easy-to-read and -understand style, he covers all the bases with valuation approaches, methods, and techniques. Trugman identifies critical points in his callout notes throughout the publication. Read more >>

Preview: Business Valuation Case Law Yearbook, 2022 Edition

The year 2021 was a year of change not only for the broader world, but also for the legal landscape; the U.S. ushered in a new administration with promises to increase taxes in a broad spectrum of areas, including reviving the estate tax levels to years gone by. This and the increase in litigation activity, perhaps also rebounding from the pandemic, have created an increase in the demand for business valuations and litigation services. Read more >>

New IRS Trap for GRATs When There Is a Merger Pending

The Chief Counsel office (IRS) recently released a memorandum, which comes to two primary conclusions. First, under the fair market value standard, the hypothetical willing buyer and willing seller of a company would consider a pending merger when valuing stock for gift tax purposes. Second, the retained interest is not a qualified annuity interest under § 2702 of the Internal Revenue Code (Code) because the donor used an outdated appraisal that did not take into account all the facts and circumstances of a pending merger. Read more >>

Preview: BVR's Bankruptcy Case Law Compendium

The bestselling Business Valuation and Bankruptcy: Case Law Compendium is out now and is in its third edition. This must-have resource is replete with hard-won insights into the often challenging intersection of law and valuation. It summarizes case law and provides insightful analysis on a range of bankruptcy topics. Read more >>

Risk Premiums: A Look at CSRP

Is anything “company-specific” per se? Company-specific risk is not an ideal name for this risk. All firms face company-specific risks, many of which are somewhat similar across industries and companies. For example, how many firms have you valued that had to deal with the risk of customer concentration? Read more >>

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