What Role for Revenue Ruling 59-60 Factors in Valuing Closely Held Business?
Expert’s use of Revenue Ruling 59-60 for valuation of closely held business and for damages calculation does not render opinion inadmissible under Daubert, court says, noting that scope of revenue ruling goes beyond valuation of estate and gift taxes.
J&M Distrib., Inc. v. Hearth & Home Techs., Inc.
Expert’s use of Revenue Ruling 59-60 for valuation of closely held business and for damages calculation does not render opinion inadmissible under Daubert, court says, noting that scope of revenue ruling goes beyond valuation of estate and gift taxes.
Goodwill Impairment: Liability Depends on Delay of Disclosures
Federal district court denies motion to dismiss securities claims, finding sufficient allegations that defendant company and CEO delayed timing of impairment charges to overstate value prior to a public offering.
Brasher v. Broadwind Energy, Inc.
Federal district court denies motion to dismiss securities claims, finding sufficient allegations that defendant company and CEO delayed timing of impairment charges to overstate value prior to a public offering.
Court Rejects 'Academic' Expert Testimony
The issue in this case was the admissibility of an expert witness’s testimony.
Perfection Corp. v. Lochinvar Corp.
The issue in this case was the amount of loss caused by defective products.
Summit Metals, Inc. v. Gray
Adversary Proceeding to rescind a transfer by The Chariot Group, Inc., a predecessor to Summit Metals, of its interest in its operating subsidiary, Energy Savings Products, Inc.
Court Deems Methodology for Determining Business's Value Unsound
This is a ruling on several motions in limine (motions to exclude evidence).
Ullman-Briggs v. Salton/Maxim Housewares
At issue is the admittance of expert testimony.