Magarik v Kraus
In buyout dispute, court rejects departing shareholder’s valuation based on income and market approach, where DCF model relied on company projections used for a bank loan that were never realized and, based on evidence, were “not accurate”; court says market approach used “incorrect comparables.”
Court Discredits Valuation Based on Unrealistic Projections and Incorrect Comparables
In buyout dispute, court rejects departing shareholder’s valuation based on income and market approach, where DCF model relied on company projections used for a bank loan that were never realized and, based on evidence, were “not accurate”; court says market approach used “incorrect comparables.”
Key Tax Ruling From Ohio Supreme Court Concerning Pass-Through Entity
Ohio Supreme Court says tax provision imposing state income tax on capital gain realized by nonresident investor in pass-through entity violates taxpayer’s due process rights barring showing taxpayer’s activities are “unitary with” those of the business.
Key Tax Ruling From Ohio Supreme Court Concerning Pass-Through Entity
Ohio Supreme Court says tax provision imposing state income tax on capital gain realized by nonresident investor in pass-through entity violates taxpayer’s due process rights barring showing taxpayer’s activities are “unitary with” those of the business.
Corrigan v. Testa
Ohio Supreme Court says tax provision imposing state income tax on capital gain realized by nonresident investor in pass-through entity violates taxpayer’s due process rights barring showing taxpayer’s activities are “unitary with” those of the business.
Loss of Multimillion-Dollar Damages Shows Appraisers’ Need to Know the Law of the Case
Court finds evidence of indivisible lost profits damages insufficient when law specifically requires a separate breakdown of damages caused by each defendant in breach of contract case.
Dana Corp. v. Microtherm, Inc.
Court finds evidence of indivisible lost profits damages insufficient when law specifically requires a separate breakdown of damages caused by each defendant in breach of contract case.
Revised Opinion on Rehearing
In the February 2002 issue, we abstracted the Dec. 10, 2001, opinion in this case. Both parties filed petitions for rehearing, which were granted. This opinion on rehearing replaces the original opinion. The only material change in the new opinion addresses when the withdrawing partner's debt to the partnership should be offset.
No Evidence to Support 'Going Concern Value' Adjustment
This is an appeal by the remaining partners of the trial court's findings in determining the value of the withdrawing partner's partnership interest as of the date of dissolution.
Marengo v. Bowen
NOTICE: THIS OPINION WAS REPLACED AFTER REHEARING. WE HAVE KEPT THE ORIGINAL OPINION HERE FOR REFERENCE AND COMPARISON PURPOSES.
Kenneth O. Myers v. Nancy Myers
The New York Supreme Court, Appellate Division, Third Department affirmed in part and reversed in part the lower court's valuation of the parties' home heating oil business. It affirmed the lower court's selection of the valuation date as the date of com ...
25% Lack of Marketability Discount Applied
The New York Supreme Court, Appellate Division, 3rd Department affirmed in part and reversed in part the lower court's valuation of the parties' home heating oil business.
DLOM of 25% Appropriate for Husband’s Home Heating Oil Business
In this marital property distribution action, both parties appealed the supreme court’s valuation of the family heating oil business, H & M Oil Co.