Flowers Bakeries Brand, Inc. v. Interstate Bakeries Corp.
Federal court admits reasonable royalty rates based on past licensing agreements, but bars lost profits evidence that fails to account for market factors that could have caused the loss.
Expert Valuations a ‘Sideshow’ Compared to Capital Pricing Markets
3rd Circuit upholds District Court finding that objective evidence from public equity market is superior to expert valuations.
Experts Left ‘in the Dark’ by Deliberately Manipulated Management Projections
Management deliberately manipulates projections, without experts’ knowledge; court determines enterprise value nonetheless, adjusting and weighting reports.
VFB LLC v. Campbell Soup Co. (II)
3rd Circuit upholds District Court finding that objective evidence from public equity market is superior to expert valuations.
Expert Valuation Report Disqualified Under Daubert for ‘Maverick’ DCF Analysis
Bankruptcy court precludes valuation report (under Daubert) for use of “maverick” DCF analysis.
In re Nellson Nutraceutical (II)
Management deliberately manipulates projections, without experts’ knowledge; court determines enterprise value nonetheless, adjusting and weighting reports.
In re Nellson Nutraceutical (I)
Bankruptcy court precludes valuation report (under Daubert) for use of “maverick” DCF analysis.
Court Compares Comparable Company Analyses—And Concludes Campbell’s Is the Better by Far
Court relies on publicly traded value and market comparables to determine fair market value, rejects flawed DCF analysis.
VFB LLC v. Campbell Soup Co. (I)
Court relies on publicly-traded value and market comparables to determine fair market value; rejects flawed DCF analysis ...
Wesley Vernon Snider III v. Diana Leigh Ashworth Snider
The Virginia Court of Appeals reversed the lower court’s valuation of the parties’ honey business. The valuation was based on testimony from the wife, who also testified that she had no knowledge of the business’ finances or involvement with the business ...
Tax Court Accords Superpremium to Small Voting Block and Allows Deduction of 100% of Trapped-In Capital Gains Tax
Chris Mercer, president of Mercer Capital Management Inc., a leading independent business appraisal firm, abstracts and analyzes what is sure to be one of the most discussed U.S. Tax Court of 1999.
Estate of Richard R. Simplot v. Commissioner of Internal Revenue
At issue is the fair market value of decendent's stock in J.R. Simplot Co.
In re Marriage of Taylor
The issue in this case was the valuation of closely held corporate stock.