Stone v. Citizens Equity First Credit Union (In re Int’l Supply Co.)
The trustee of International Supply Company (ISCO) asked for avoidance and recovery of prepetition fraudulent transfers made to Citizens Equity First Credit Union. ISCO was insolvent when the transfers were made, and the transfers were for the benefit of the controlling shareholder. The court disallowed two of the fraudulent transfers. Some complaint counts against certain individuals were dismissed without prejudice.
Bankruptcy Court Sides With Trustee—Disallows (Fraudulent) Transfers
The trustee of International Supply Company (ISCO) asked for avoidance and recovery of prepetition fraudulent transfers made to Citizens Equity First Credit Union. ISCO was insolvent when the transfers were made, and the transfers were for the benefit of the controlling shareholder. The court disallowed two of the fraudulent transfers. Some complaint counts against certain individuals were dismissed without prejudice.
Expert’s Per-Unit Lost Profits Calculation Satisfies Daubert
Expert’s use of Panduit to show causation and reconstruct hypothetical market for lost profits analysis satisfies Daubert, court says; expert showed demand for patented product and provided method for calculating actual damages on per-unit basis.
Roll-Rite, LLC v Shur-Co, LLC
Expert’s use of Panduit to show causation and reconstruct hypothetical market for lost profits analysis satisfies Daubert, court says; expert showed demand for patented product and provided method for calculating actual damages on per-unit basis.
Hard Asset Value Best Captures Worth of Family Business
In divorce case, appellate court upholds classification of a family business as hybrid property, entitling the community to the increase in value that came about during the marriage; and, it validates the trial court’s decision to rest its valuation on th ...
Starling v. Starling
In divorce case, appellate court upholds classification of a family business as hybrid property, entitling the community to the increase in value that came about during the marriage; and, it validates the trial court’s decision to rest its valuation on th ...
Court Considers Applying Attorney-Client Privilege to Expert Communications
In minority shareholder suit for breach of fiduciary duties, New York Supreme Court confirms that attorney-client privilege does not extend to communications between valuation expert and attorney.
Sieger v. Zak
In minority shareholder suit for breach of fiduciary duties, New York Supreme Court confirms that attorney-client privilege does not extend to communications between valuation expert and attorney.
Company Insurance Policy on Dead Co-Owner at Center of Valuation Dispute
At issue is whether the entire proceeds of a $100,000 life insurance policy the company purchased for the purpose of: (1) providing key person insurance; and (2) providing funding for the surviving owner to purchase decedent's shares of the electrical service company from decedent's estate should represent the full value of decedent's 50% ownership.
Miller v. Electrical Equipment
At issue is a dispute between the deceased owner's estate and the surviving owner over the value of a fifty percent interest in the company that focuses on the allocation of the policy proceeds.
In re Marriage of Friedman
At issue is the valuation of couples' stock in a motor company owned by husband's father.