Direct Life Insurance Carriers
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies.
Bankruptcy Court Denies Summary Judgment That Financing Is a Loan and Not a Change of Control
The wind down trustee sought a summary judgment order in the form of a declaration that no sale or change of ownership or control occurred when the debtor entered into a DIP and exit loan agreements with a capital financing company. A change of ownership or control would result in the estate owing a break fee to Fifth Seasons Investment. The court denied summary judgment for reasons outlined in the opinion.
GWG Holdings, Inc. v. Fifth Season Investments, LLC (In re GWG Holdings, Inc.)
The wind down trustee sought a summary judgment order in the form of a declaration that no sale or change of ownership or control occurred when the debtor entered into a DIP and exit loan agreements with a capital financing company. A change of ownership or control would result in the estate owing a break fee to Fifth Seasons Investment. The court denied summary judgment for reasons outlined in the opinion.
In Demutualization, IPO Share Price Guides Cost Basis Determination
In insurance demutualization, federal court declines to apply “open transaction doctrine” or adopt IRS’s zero cost basis approach; it finds the IPO price of the shares the taxpayers received under demutualization was “the first valuation of what Plaintiff ...
Dorrance v. U.S.
In insurance demutualization, federal court declines to apply “open transaction doctrine” or adopt IRS’s zero cost basis approach; it finds the IPO price of the shares the taxpayers received under demutualization was “the first valuation of what Plaintiff ...
Federal Court Issues New Rule for Valuing Stock in Insurance Demutualization
Federal Claims Court rules against long-standing IRS position that stock in insurance company demutualization has a cost basis of zero value.
Fisher v. U.S.
Federal Claims Court rules against long-standing IRS position that stock in insurance company demutualization has a cost-basis of zero value.
Delaware Chancery Rejects DCF Analysis in Insurance Company Appraisal
Delaware Chancery Court favors “shared synergies” and actuarial analysis in the fair value appraisal of an insurance conglomerate’s merger.
Highfields Capital, Ltd. v. AXA Financial, Inc.
Delaware Chancery Court favors “shared synergies” and actuarial analysis in the fair value appraisal of an insurance conglomerate’s merger.
Waton v. Waton
Husband failed to value the business before marriage in the context of an antenuptial agreement. The court held this did not void the agreement.
Two-year restrictive contract disregarded
The issue in this marital dissolution was the value of husband’s Allstate insurance agency.
Alpha v. Alpha
The issue in this marital dissolution was the value of husband’s Allstate insurance agency.
Waton v. Waton
Husband failed to value the business before marriage in the context of an antenuptial agreement. The court held this did not void the agreement.
Sun Insurance Marketing Inc. v. AIG Life Insurance Co.
This cause came before the Court upon Defendants' Motion for Partial Summary Judgment (Dkt. #58) and Plaintiff's response thereto (Dkt. #60).
Breach of Directors' Fiduciary Duty Gains Dissenters Expanded Remedy
The court in this case concluded that "the sole purpose of eliminating the minority stockholders" did not constitute a "proper business purpose" for a squeeze-out merger.
M&W, Inc. v. Pacific Guardian Life Insurance Co.
The Decision Previously Reported at this Citation has been Depublished and Withdrawn at the Request of the Court Order of Depublication Reported at: 1998 Haw. LEXIS 340.
Court Criticizes Experts on Both Sides of Gift Tax Case
The issue is the fair market value of minority shares of a privately held life insurance company.
Rabenhorst v. Commissioner
At issue is the fair market value of stock which petitioners gave to their children.
Doris F. and Alvin P. Rabenhorst, Sr. v. CIR
The Tax Court valued minority interests in a closely held firm. It considered a pre-valuation date redemption and an appraisal performed using the public company guideline method. The redemption was probative even though it was an interfamily redemption ...
Court Gives Consideration to Intrafamily Redemption Value
The Tax Court valued minority interests in a closely held firm. It considered a pre-valuation date redemption and an appraisal performed using the public company guideline method. The redemption was probative even though it was an interfamily redemption ...
In re Marriage of Graff
At issue was the value of husband's insurance agency.