Paul Louis Gratton v. Bernadette Juliana Gratton
The Tennessee Court of Appeals determined that a spouse may not recover funds loaned to a family business where the value of the business is less than the amount of the debt, the loans were not memorialized with promissory notes, the loaned funds had been ...
Loans Made to New Business Excluded Where They Were Not Documented
The Tennessee Court of Appeals determined that a spouse may not recover funds loaned to a family business where the value of the business is less than the amount of the debt, the loans were not memorialized with promissory notes, the loaned funds had been ...
Fledgling Business’s Lost Profits Recoverable From Nonprofit Tax-Exempt Entity
The California Court of Appeal, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
Sargon Enterprises v. University of Southern California
The California Court of Appeals, 2nd District, reversed a trial court’s decision to exclude lost profits evidence.
Lorvic Holdings, Inc. v. CIR
The Tax Court valued a non-compete and secrecy agreement executed in connection with the sale of a dental products company. Both parties provided the court with experts, who valued the business with and without the agreements in place using the discounte ...
Trustee Charges Directors, Financial Advisors, Others in Failed LBO
In this action, the Chapter 7 bankruptcy trustee brings the complaint against "65 defendants and the entire class of selling stockholders, virtually anyone who had anything to do with the LBO … defendants are the buyer, financing banks, debenture holders, directors, officers, controlling shareholders, financial advisors, lawyers and accountants."
Healthco International v. Hicks, Muse & Co.
At issue are the fiduciary obligations of directors and controlling shareholders, breach of contract, negligence, gross negligence and bad faith.