Colorado Supreme Court Affirms Court of Appeals; No Marketability Discounts in Dissenters' Rights Cases as a Matter of Law
In this case, Pueblo Bancorporation appealed the Court of Appeals' reversal of the trial court's determination of the shares owned by Lindoe Inc., a minority shareholder of Pueblo.
At issue is the application of a lack of marketability discount for the value of shares owned by the minority shareholder, Lindoe, Inc., in Pueblo Bancorporation.
The Supreme Court of Kansas heard an issue of first impression in this case: "Is it proper for a corporation to determine the 'fair value' of a fractional share pursuant to K.S.A. 17-6405 by applying minority and marketability discounts when the fractional share resulted from a reverse stock split intended to eliminate the minority shareholder's interest in the corporation?"
At issue is the fair value of fractional shares that resulted from a reverse stock split intended to eliminate the minority shareholder's interest in the corporation.
Issue: Whether the increase in value, during marriage, of the stock of a holding company whose primary asset was Preferred State Bank was or was not marital property. The stock was acquired from th ...
At issue is the valuation and nonmarital classification of bank holding company stock.