Flynn v. Maschmeyer
In buyout following member’s disassociation from company, appellate court affirms trial court’s fair value determination, including decision to exclude from valuation remaining members’ unsubstantiated debt claims and including litigation amount assessed against dissociated member for misconduct.
Court Rejects FMV Appraisal of Dissociated Member’s Interest in Statutory Buyout
In buyout following member’s disassociation from company, appellate court affirms trial court’s fair value determination, including decision to exclude from valuation remaining members’ unsubstantiated debt claims and including litigation amount assessed against dissociated member for misconduct.
M.A. Butters & Associates v. City of Lancaster
The California Court of Appeal, 2nd District, reversed a future lost profits award involving a construction company that went out of business as a result of a breach of contract.