Precast Concrete Manufacturing
This industry comprises establishments primarily engaged in manufacturing concrete products (except block, brick, and pipe).
Binghamton Precast & Supply Corp. v Liberty Mutual Fire Insurance Co.
In dispute over business interruption insurance coverage, appellate court says plaintiff showed actual loss of business income within meaning of controlling policy; court rejects defendant’s argument that plaintiff had to show lost sales, saying this is not a reasonable interpretation of policy.
Court Affirms Plaintiff’s Showing of Loss of Income Pursuant to Business Interruption Policy
In dispute over business interruption insurance coverage, appellate court says plaintiff showed actual loss of business income within meaning of controlling policy; court rejects defendant’s argument that plaintiff had to show lost sales, saying this is not a reasonable interpretation of policy.
B.J. Bucheit v. The Palestine Liberation Organization, et al.
The U.S. Court of Appeals for the District of Columbia affirmed the lower court’s valuation of assets converted by the Palestine Liberation Organization.
B & D Foundations, Inc. v. CIR
The Tax Court considered expert testimony regarding reasonable compensation deductions. Both parties’ experts based their conclusions on data from RMA, Watson Wyatt, the Conference Board, or studies they performed. The court rejected their conclusions bec ...
Value of Noncompete Agreement Considered in Bankruptcy Case
The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.
Joseph D. Olsen, Trustee of Huntley Ready Mix, Inc. v. Gary A. Floit
The U.S. Court of Appeals for the 7th Circuit considered whether the sale of a company by its 100% shareholder was fair to the company. The company was sold at its asset value plus an amount for a noncompete agreement with the shareholder.