Damage Period Measured by Amount of Time Required to Legally Build a Comparable Customer List
The Delaware Court of Chancery determined the quantum of damages in this misappropriation of a trade secrets case using an unjust enrichment theory. It limited the recovery to the profits earned over a two-year period because the evidence showed that it w ...
9th Circuit Affirms Tax Court; Noncompete Must Be Amortized Over 15 Years, Not Life of Agreement
Redemption was an “acquisition” within the meaning of IRC section 197 because Frontier regained possession and control over 75% of its stock.
Strong v. Vestevich
Appellant agreed on record and under oath to voluntarily waive the opportunity for discovery and accept husband's valuation of his GM dealership at trial.
Damages Based on Inconsistent Testimony
Kraatz sued Heritage Imports for wrongful termination.
Brian Andreas v. Volkswagen of America, Inc.
The U.S. Court of Appeals for the Eighth Circuit determined that a copyright infringer’s profits could be recovered by the copyright holder for indirect infringement to the extent that the infringer benefited from the infringement. Volkswagen’s advertisin ...
Frontier Chevrolet Co. v. Commissioner
Issue is whether company's redemption of 75% of its stock was an “acquisition” within the meaning of IRC section 197, and whether the covenant not to compete needed to be amortized.
Kraatz v. Heritage Imports
Issue was damages where employment agreement entitled plaintiff to 15% of the value of Heritage's stock in excess of $2.5 million, in the event of wrongful termination.
Dillon v. Montgomery
Suit for breach of a stock purchase agreement involving an automobile dealership.
Failure to Value Goodwill Was Error, Minority Discount Affirmed
The issue in this case was the valuation of wife's 10.5% interest in her family's auto dealership, which she had received as a gift. Wife also held an interest in the capital account of the ...
Triperinas v. Triperinas
At issue is the valuation of the marital property, including wife's interest in a family owned car dealership.
Court Errs by Not Properly Valuing Spouse’s Automobile Dealership
The issue in this case was whether the chancellor properly valued and divided the marital property, including husband's business Ward's Automobile, Inc. The chancellor valued the business ...
Ward v. Ward
Issue was valuation of husband's automobile business.
Belleville Toyota, Inc. v. Toyota Motor Sales, U.S.A., Inc.
The Illinois Supreme Court affirmed a damage award for violation of the Motor Vehicle Franchise Act.
Damages Awarded for Violation of the Motor Vehicle Franchise Act
The Illinois Supreme Court affirmed a damage award for violation of the Motor Vehicle Franchise Act.
In re the Marriage of McCarthy
At issue is the valuation of an officer loan account of respondents business.
Court accepts premarital agreement valuation by neutral appraisers
This appeal concerns the McCarthys' marital property distribution.
William D. Gardner, Jr. et al. v. Travis L. Little et al.
The Mississippi Court of Appeals concluded that the purchasers of an automobile dealership who failed to perform any financial due diligence prior to signing the stock purchase agreement, which contained a disclaimer stating that the purchasers are not re ...
Business Buyer Failed to Perform Due Diligence
The Mississippi Court of Appeals concluded that the purchasers of an automobile dealership failed to perform any financial due diligence prior to signing the stock purchase agreement.
Mayhew v. Mayhew
At issue is the appreciation value of husband's stock as marital property.
Compensation, Dividends, and Extraordinary Work Efforts Considered in Determining the Amount of Active Appreciation
The appellant in this case seeks reversal of the circuit court's apportionment and valuation regarding the active and passive appreciation of stock in a car dealership.
Trapp v. Hancuh
At issue is the calculation of prejudgment interest on a loan transaction.
Prejudgment interest calculated from commencement of action
The issue on this appeal is the proper date to commence calculation of prejudgment interest on a claim. The claim arose when Hancuh seized the partnership interest of Trapp, which was securi ...
Alexandria M. Medlin v. CIR
The Tax Court concluded that a former spouse's automotive and healthcare expenses, which were paid by the former husband's automobile dealership, were taxable alimony under IRC sec. 71 since they were paid pursuant to a divorce instrument and made on beha ...
Automobile Payments Are Taxable Alimony
The Tax Court concluded that a former spouse's automotive and healthcare expenses, which the former husband's automobile dealership paid, were taxable alimony under IRC sec. 71 since they were paid pursuant to a divorce instrument.
Tax Court Denies Amortization of Lion's Share of Employment Agreement and Noncompete Payments
The Totem Lake dealerships of Kirkland, Wash., while under the ownership of Mr. Wright, experienced a great deal of negative publicity which resulted in sustained financial losses for 1986 and 1987.