Palkon v. Maffei
Two minority shareholders challenged the conversion of two Delaware corporations into Nevada corporations with the intent to reduce potential liability for directors and officers, with the controlling shareholder casting the deciding vote. The business rule did not apply since the controller received a nonratable benefit.
Delaware Chancery Court Determines That Reducing Potential Personal Liability Exposure Through a Change in Corporate Domicile Constituted a Nonratable Benefit
Two minority shareholders challenged the conversion of two Delaware corporations into Nevada corporations with the intent to reduce potential liability for directors and officers, with the controlling shareholder casting the deciding vote. The business rule did not apply since the controller received a nonratable benefit.
Travel Agencies
This industry comprises establishments primarily engaged in acting as agents in selling travel, tour, and accommodation services to the general public and commercial clients.
Update: Damages Award in Celebrity Cruise Case
Damages case comes back for a third—and perhaps final—tour.
Celebrity Cruises, Inc. v. Essef Corp. (II)
Damages case comes back for a third—and perhaps final—tour.
Court Reverses $190 Million Damages Award, Finding Faulty Valuation ‘Yardstick’
Court vacates $190 million lost profits/lost enterprise value award based on flawed comparables and financial analysis.
Walker v Walker
John Walker filed for divorce from Susan Walker in 2002. The superior court issued an order dividing their marital property in March 2004. John appeals on several grounds. First, he argues that the court undervalued a family business, Inuit Travel, and ...
Celebrity Cruises, Inc. v. Essef Corp. (I)
Court vacates $190 million lost profits/lost enterprise value award based on flawed comparables and financial analysis.
Court Rejects DCF and Uses Comparable Public Company Method
A minority shareholder of Travelocity.com Inc. (Travelocity) brought a dissenting shareholder action contesting the $28 per share it received in a short-form merger of Travelocity and seeking a determination of the fair value of its shares.
Doft & Co. v. Travelocity.com Inc.
A minority shareholder of Travelocity.com Inc. (Travelocity) brought a dissenting shareholder action contesting the $28 per share it received in a short-form merger of Travelocity and seeking a determination of the fair value of its shares.
Wright v. Quillen
Issue is the value of wife's travel agency business, and whether her expert's testimony should have been excluded.
In re Marriage of Hagshenas
One issue in this case was the value of the couple's travel agency.
Plaster v. Plaster
One issue in this case was the inclusion of a debt when valuing a business during a marital dissolution.
Cook v. Cook
Issue was the goodwill valuation of husband's travel agency business.