Kentucky Adopts ‘Modern Rule’ Regarding Minority and Marketability Discounts in Statutory Fair Value
Kentucky reviews case law and authorities and adopts majority rule precluding application of marketability discounts in dissenting shareholder appraisals.
Brooks v. Brooks Furniture Mfgrs
Kentucky reviews case law and authorities and adopts majority rule precluding application of marketability discounts in dissenting shareholder appraisals.
Tax Court Rejects Experts' Testimony; Tax Return Value Prevails
The issue in this estate tax matter was the fair market value of all 20,000 outstanding shares of Harlee International Inc ., a family-owned S corporation that was an importer and wholesale-distributor of futon and waterbed frames.
Estate of Leichter v. Commissioner
The issue in this estate tax matter was the fair market value of all 20,000 outstanding shares of Harlee International, Inc., a family-owned S corporation.
Valuation Reports Must Provide Sufficient Detail
The Tax Court considered the valuation of a closely held S corporation.
Harold S. Ansin, et al. v. River Oaks Furniture, Inc.
The First Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation who fraudulently induced a minority shareholder to sell his interest one-year prior to an IPO. The company failed to ...
Anticipated IPO Considered in Determining Fair Value
The 1st Circuit Court of Appeals affirmed the district court's decision to award damages under SEC Rule 10(b)-5 against the corporation that fraudulently induced a minority shareholder to sell his interest one year prior to an IPO.