Land Development
This industry comprises establishments primarily engaged in servicing land and subdividing real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for the installation of roads and utility lines. The extent of work may vary from project to project. Land subdivision precedes building activity and the subsequent building is often residential, but may also be commercial tracts and industrial parks. These establishments may do all the work themselves or subcontract the work to others. Establishments that perform only the legal subdivision of land are not included in this industry.
Appeals Court Signs Off on ‘Slight’ DLOM in Minority Interest Valuation
Appeals court says use of DLOM in valuing interest for divorce depends on interest’s characteristics not owner’s intent to sell the interest, but appeals court affirms trial court’s decision to apply “slight” or no DLOM based on intent to sell analysis.
Bankruptcy Court’s Going-Concern Valuation Weathers Appeal
In Chapter 7 case, Bankruptcy Court finds trustee expert’s liquidation valuation fails to meet insolvency tests; court says expert’s substantial discounting of debtor’s assets is based on mistaken assumption and incompatible with going-concern valuation.
Bankruptcy Court’s Going-Concern Valuation Weathers Appeal
In Chapter 7 case, district court upholds Bankruptcy Court’s insolvency determination, which was a predicate to many of trustee’s claims; reviewing court says evidence supports use of going-concern valuation and rejection of liquidation discount.
Grant v. Grant
Appeals court says use of DLOM in valuing interest for divorce depends on interest’s characteristics not owner’s intent to sell the interest, but appeals court affirms trial court’s decision to apply “slight” or no DLOM based on intent to sell analysis.
Burtch v. Opus, LLC (In re Opus East, LLC) (II)
In Chapter 7 case, district court upholds Bankruptcy Court’s insolvency determination, which was a predicate to many of trustee’s claims; reviewing court says evidence supports use of going-concern valuation and rejection of liquidation discount.
Burtch v. Opus, LLC (In re Opus East, LLC) (I)
In Chapter 7 case, Bankruptcy Court finds trustee expert’s liquidation valuation fails to meet insolvency tests; court says expert’s substantial discounting of debtor’s assets is based on mistaken assumption and incompatible with going-concern valuation.
Expert’s Tax Appraisal Weathers Frontal Daubert Attack
Appeals court says tax tribunal did not abdicate its gatekeeper role under Rule 702 when admitting taxpayer expert’s appraisal, where the expert was qualified and used a reliable methodology; a searching inquiry into the underlying data was not necessary.
B & L Development LLC v. City of Norton Shores
Appeals court says tax tribunal did not abdicate its gatekeeper role under Rule 702 when admitting taxpayer expert’s appraisal, where the expert was qualified and used a reliable methodology; a searching inquiry into the underlying data was not necessary.
Damages Expert May Only Assume Facts in Evidence
Court strikes expert’s “lost asset value” theory of damages for trademark infringement because it relied entirely on the plaintiff’s allegations that it lost all of its goodwill value due to the defendants’ actions, without adequate proof.
Basile Baumann Prost Cole & Assoc. v. BBP & Assoc. LLC
Court strikes expert’s “lost asset value” theory of damages for trademark infringement because it relied entirely on the plaintiff’s allegations that it lost all of its goodwill value due to the defendants’ actions, without adequate proof.
Court Adopts Expert’s Interest Rate, Based in Part on Butler Pinkerton Calculator
Bankruptcy court finds “cramdown” interest rate equals at least 6.4%, based on current commercial lending “realities” as well as expert’s application of debtor-specific risk factors, including benefits of bankruptcy and single lender.
In re Village at Camp Bowie I, L.P.
Bankruptcy court finds “cramdown” interest rate equals at least 6.4%, based on current commercial lending “realities” as well as expert’s application of debtor-specific risk factors, including benefits of bankruptcy and single lender.
Contingency Contract Fees Are Separate Consideration From Business Goodwill
West Virginia Supreme Court finds that construction management fees, conditioned on completion of a project, are analogous to attorney contingency fee contracts and subject to same rules of equitable division.
Wilson v. Wilson
West Virginia Supreme Court finds that construction management fees, conditioned on completion of a project, are analogous to attorney contingency fee contracts and subject to same rules of equitable division.
Alabama Adopts Fair Value Standard in Divorce, Under Broader Equitable Standard
Alabama court applies fair value standard in divorce, under wider equitable value standard.
Grelier v. Grelier (II)
This court's opinion of December 19, 2008, is withdrawn, and the following is substituted therefor.
Statutory Appraisals: Louisiana Supreme Court Says Use Discounts ‘Sparingly’
Louisiana Supreme Court preserves the fair market value standard in statutory appraisal cases but finds that marketability and other discounts should be used “sparingly.”
Wife Loses Discounts in Divorce Battle, Tries to Win the War on Appeal
Alabama court of appeals declines to address application of statutory fair value in divorce cases, holding that wife stipulated to fair market value standard at trial and fully litigated applicability of discounts within that context.
Cannon v. Bertrand (II)
Louisiana Supreme Court preserves the fair market value standard in statutory appraisal cases but finds that marketability and other discounts should be used “sparingly.”
Grelier v. Grelier (I)
Alabama court of appeals declines to address application of statutory fair value in divorce cases, holding that wife stipulated to fair market value standard at trial and fully litigated applicability of discounts within that context.
Kinsey v. Cendant Corp.
NY court clarifies measure of lost profits for stock options in contract versus conversion cases.
Phase 2 Developers, Corp. v. Citicorp Real Estate
The California Court of Appeals, Second District affirmed a lower court’s grant of nonsuit to Citicorp after the trial court excluded the damages witness on Citicorp’s motion in limine following the expert’s deposition. The lower court excluded the expert ...
Thomas W. Dupree v. Roberta Dupree
The Arkansas Court of Appeals affirmed in part and reversed in part the lower court’s characterization of closely held businesses as marital property. It found that the closely held real estate development company formed prior to the marriage was separate ...
Characterization of Closely Held Businesses Considered
The Arkansas Court of Appeals affirmed in part and reversed in part the lower court’s characterization of closely held businesses as marital property. It found that the closely held real estate development company formed prior to the marriage was separate ...