The California Court of Appeals, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
The California Court of Appeal, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
The Tax Court valued a non-compete and secrecy agreement executed in connection with the sale of a dental products company. Both parties provided the court with experts, who valued the business with and without the agreements in place using the discounte ...
In this action, the Chapter 7 bankruptcy trustee brings the complaint against "65 defendants and the entire class of selling stockholders, virtually anyone who had anything to do with the LBO … defendants are the buyer, financing banks, debenture holders, directors, officers, controlling shareholders, financial advisors, lawyers and accountants."
At issue are the fiduciary obligations of directors and controlling shareholders, breach of contract, negligence, gross negligence and bad faith.