Distribution/Wholesale: Electrical Products
This industry comprises establishments primarily engaged in the merchant wholesale distribution of electrical construction materials; wiring supplies; electric light fixtures; light bulbs; and/or electrical power equipment for the generation, transmission, distribution, or control of electric energy.
Defense Event Study Rebuts Plaintiff’s Price Impact Claim
Court denies class certification in securities fraud case, finding defense financial expert is able to rebut presumption of reliance by way of event study that shows defendant’s alleged misrepresentation had no significant impact on company’s stock price.
In re Finisar Corp. Secs. Litig.
Court denies class certification in securities fraud case, finding defense financial expert is able to rebut presumption of reliance by way of event study that shows defendant’s alleged misrepresentation had no significant impact on company’s stock price.
Grossly Inflated Sale Price, Nonrecourse Financing, and Negative Cash Flows Add Up to a Tax Shelter Not Engaged in for Profit
The issue was whether taxpayer was entitled to an $18,956 deduction related to his limited partnership interest for 1981 and whether he was liable for a valuation overstatement.
Walford v. Commissioner
The overvaluation of an "emergency management system" resulted in the Commissioner disallowing a deduction made on the basis of the value of that asset. Subsequent sale showed act ...
Breach of Fiduciary Duty Results in Award of 100% the Value of Business to Wronged Spouse
The Court of Appeals upheld the trial court's valuation of the business at $327,000 and award of 100% of the value to wife.
In re the Marriage of Valdovinos
Court of appeals noted that the trial court "offered a detailed analysis" of how it reached it's valuation and so upheld it.
Framatome Connectors USA, Inc., et al. v. CIR
The U.S. Tax Court considered whether Framatome’s subsidiary, Burndy-US’s 50% interest in Burndy-Japan was qualified to be treated as a controlled foreign corporation (CFC) for tax purposes.
Amodio v. Amodio
At issue is the value, for equitable distribution purposes, of defendant's 15% stock interest in Capitol Electrical Supply Co., Inc., a closely held corporation.