Shawnee Telecom Resources, Inc. v. Brown (Shawnee I)
Kentucky Court of Appeals precludes the net asset value method as well as marketability and minority discounts in statutory fair value determination of dissenting shareholder’s interests.
Extraordinary Circumstances Warrant Marketability Discount in Buyout
In November 1999, the Minnesota Court of Appeals ruled, in a case of first impression in Minnesota, that a marketability discount should not be applied to determine the fair value of Brian Follett's one-third interest in Advanced Communication Design Inc. (ACD).
Advanced Communication Design, Inc. v. Follett (II)
At issue is whether, in a court-ordered buy-out of a minority shareholder pursuant to Minn. Stat. § 302A.751 (1998), a marketability discount should be applied to the value of the shares.
Bell Atlantic Network Services, Inc. v. P.M. Video Corp.
The New Jersey Superior Court affirmed the lower court's decision denying P.M. Video future lost profits based on a breach of an oral contract between Bell Atlantic and P.M. Video to form an alliance to provide home automation and video-on-demand services.
New Business Rule Applied
The New Jersey Superior Court affirmed the lower court's decision denying P.M. Video future lost profits based on a breach of an oral contract between Bell Atlantic and P.M. Video to form an alliance to provide home automation and video-on-demand services.
Kim Susan Hislop v. John Thompson Hislop II
The Minnesota Court of Appeals affirmed the lower court's characterization of stock options awarded to the husband during the marriage as part marital and part personal property. The lower court found, based on the language in the stock option documents ...
Stock Options Divided Using Time Rule
The Minnesota Court of Appeals affirmed the lower court's characterization of stock options awarded to the husband during the marriage as part marital and part personal property.
Estate of Gordon B. McLendon (McLendon I) v. Commissioner
The U.S .Court of Appeals for the Fifth Circuit concluded that the Tax Court erred when it valued interests in a partnership as partnership interests rather than assignee interests. It determined that state law established the objective criteria for trea ...
Texas Law Trumps Tax Court
The U.S .Court of Appeals for the 5th Circuit concluded that the Tax Court erred when it valued interests in a partnership as partnership interests rather than assignee interests.