Telecommunications Carriers (Wired)
This U.S. industry comprises establishments primarily engaged in operating and/or providing access to transmission facilities and infrastructure that they own and/or lease for the transmission of voice, data, text, sound, and video using wired telecommunications networks. Transmission facilities may be based on a single technology or a combination of technologies. Establishments in this industry use the wired telecommunications network facilities that they operate to provide a variety of services, such as wired telephony services, including VoIP services; wired (cable) audio and video programming distribution; and wired broadband Internet services. By exception, establishments providing satellite television distribution services using facilities and infrastructure that they operate are included in this industry.
More Confusion Regarding Goodwill Warrants Correction by Court
Husband’s valuation expert incorrectly reduced the hard assets (cash and accounts) of an ongoing business by a personal goodwill value.
Kehrin v. Kehrin
Husband’s valuation expert incorrectly reduced the hard assets (cash and accounts) of an ongoing business by a personal goodwill value.
Special Legal Report: Important Delaware Chancery Case on Terminal Growth Rate, ERP, Betas, and Best Experts
Delaware Chancery adopts supply-side equity risk premium and discusses appropriate terminal growth rate, tax rate, and beta in the statutory fair value appraisal of Russian telecomm company.
Global GT LP v Golden Telecom, Inc. (I)
Delaware Chancery adopts supply-side equity risk premium and discusses appropriate terminal growth rate, tax rate, and beta in the statutory fair value appraisal of Russian telecomm company.
United States District Court Cites Noble in Considering Subsequent Events
Court permits taxpayer to introduce subsequent events to the extent that they are relevant to establishing the amounts that a hypothetical, willing buyer and seller would have paid for a closely held private company on the valuation date.
Expert Event Study ‘Almost Obligatory’ in Securities Fraud Litigation
Expert regression analysis and event study survives motion for summary judgment on plaintiff’s securities fraud claims, having proved sufficient causal links between defendants’ alleged misrepresentations regarding liquidity crisis and eventual stock declines.
‘Fatal Flaw’ in Securities Litigation Is Lack of Expert Loss Causation Evidence
10th Circuit confirms summary dismissal of securities litigation for lack of reliable expert evidence showing a direct causal link between the parent company’s alleged fraud and the subsidiary’s (a telecom company) substantial loss of market value.
Alan Baer Revocable Trust v. U.S.
Court permits taxpayer to introduce subsequent events to the extent that they are relevant to establishing the amounts that a hypothetical, willing buyer and seller would have paid for a closely held private company on the valuation date.
In re Vivendi Universal, S.A. Securities Litigation
Expert regression analysis and event study survives motion for summary judgment on plaintiff’s securities fraud claims, having proved sufficient causal links between defendants’ alleged misrepresentations re: liquidity crisis and eventual stock declines.
In re Williams Securities Litigation
Tenth Circuit confirms summary dismissal of securities litigation for lack of reliable expert evidence showing a direct causal link between the parent company’s alleged fraud and the subsidiary’s (a telecom company) substantial loss of market value.
MCI WorldCom Network Servs. v. Mastec, Inc.
In this case the Florida Supreme Court, ruling on certified questions from the Eleventh Circuit, held that under Florida Law a party cannot rely on rental costs for a compromised service if the party did not actually have to rent replacement equipment.
Effective Event Study Moves Securities Litigation Forward
Expert’s market event study helps support loss causation claims and class certification in larger securities litigation.
In re Flag Telecom Holdings, Ltd. Securities Litigation
Expert’s market event study helps support loss causation claims and class certification in larger securities litigation.
Analyst Convinces Court to Reject Stock Value as 'Fair'
Analyst argues that Bankruptcy Court should disregard publicly traded stock value to assess whether telecom company was insolvent 18 months before bankruptcy filing.
In re Winstar Communication, Inc.
Analyst argues that Bankruptcy Court should disregard publicly-traded stock value to assess whether telecom company was insolvent eighteen months before bankruptcy filing.
Functional similarity of products key to ad valorem valuation
This is a consolidated case involving, among others, Qwest, formerly known as U.S. West Communications.
Citizens Telecom v. Arizona Department of Revenue
Telecom company argues successfully that they are direct competitors using functionally equivalent technology and thus ADOR's market valuation of their class 3 property was discriminatory.
Decline in value due to less advertising affects choice of valuation date
In this marital dissolution case the husband appealed alleging that the trial court erred.
Mosley v. Mosley
Issues were valuation date, classification of the increase in the value of a family business as marital property, and award of interest to wife.
Mark Scully v. US WATS, Inc.
The U.S. Court of Appeals for the 3rd Circuit affirmed the district court’s determination of the value of stock options using the intrinsic value method in this breach of contract case.
Conversion Theory Rejected in Valuing Lost Stock Options
The U.S. Court of Appeals for the 3rd Circuit affirmed the district court’s determination of the value of stock options using the intrinsic value method in this breach of contract case.
Beaver County v. WilTel, Inc.
Issue was the proper method of valuing WilTel, Inc. for property tax purposes.
Lack of Entire Fairness Results in $8 Million Disgorgement
This combined appraisal and breach of fiduciary duty action arises out of a series of transactions that culminated in the merger of International Telecharge Inc. (ITI) and Long Distance Communications Inc.
Taxpayer Fails to Provide Evidence to Support Valuation Method Proposed
WilTel Inc. sought review of a Utah State Tax Commission decision that subjected the long distance company's property to a central tax assessment.