Optometry Practices
This industry comprises establishments of health practitioners having the degree of O.D. (Doctor of Optometry) primarily engaged in the independent practice of optometry. These practitioners examine, diagnose, treat, and manage diseases and disorders of the visual system, the eye, and associated structures as well as diagnose related systemic conditions. Offices of optometrists prescribe and/or provide eyeglasses, contact lenses, low vision aids, and vision therapy. They operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or HMO medical centers, and may also provide the same services as opticians, such as selling and fitting prescription eyeglasses and contact lenses.
No Automatic Bar to Minority Discount in Divorce Cases
Appeals court says state law does not bar use of minority share discount in divorce cases and declines to impose a bright-line rule; rather, the trial court has to consider interest holder’s level of control and likelihood of sale before use of discount.
Asset Approach Avoids Double Counting of Future Earnings
Appeals court affirms trial court’s decision favoring asset approach for valuing owner spouse’s medical practices; unlike income approach, it avoids accounting for owner spouse’s future earning twice, in asset valuation and determination of alimony.
Schickner v. Schickner
Appeals court says state law does not bar use of minority share discount in divorce cases and declines to impose a bright-line rule; rather, the trial court has to consider interest holder’s level of control and likelihood of sale before use of discount.
In re Mauer
Appeals court affirms trial court’s decision favoring asset approach for valuing owner spouse’s medical practices; unlike income approach, it avoids accounting for owner spouse’s future earning twice, in asset valuation and determination of alimony.
Competition from Walmart significantly reduces small business value
In this case, the trial court rejected the expert’s testimony and conducted its own valuation of husband’s optometry practice.
Covert v. Covert
The issue in this case was the value of an optometry practice.
Prairie Eye Center, Ltd. v. Patrick J. Butler, M.D.
The Illinois Court of Appeals, 4th District, considered whether a lost profits award for breach of a non-compete agreement was speculative.
Roger Brignull v. Paul Albert
The Maine Supreme Court upheld the lower court's decision to award damages for breach of a noncompete agreement.
Liquidated Damages Enforced in Noncompete Agreement Because Amount Was Reasonable
The Maine Supreme Court upheld the lower court's decision to award damages for breach of a noncompete agreement.