This appeal in a California court involved a dispute over an appraisal of the plaintiffs’ 15% interest in a grocery store the defendant operated. The plaintiffs alleged that the award of the superior court was obtained by fraud and that the arbitrator prejudiced their rights.
View Case Digest View CaseExpert’s Calculation Report Fails to Yield ‘Actual Fair Valuation’
Appellate court affirms trial court’s rejection of expert opinion where expert only prepared a “calculation of value,” based on the method the client determined and without the materials necessary to opine on the “actual fair valuation” of the company.
Surgem, LLC v. Seitz
Appellate court affirms trial court’s rejection of expert opinion where expert only prepared a “calculation of value,” based on the method the client determined and without the materials necessary to opine on the “actual fair valuation” of the company.