The Washington Court of Appeals affirmed the trial court's award of lost profits in this breach of lease agreement case.
In this case, decided the same day as Lawson Mardon Wheaton Inc. v. Smith, the New Jersey Supreme Court held that a marketability discount should be applied when determining the fair value of stock for purposes of a court-ordered buyout in a shareholder oppression suit.
At issue is whether in this judicially ordered buy-out the trial court should have applied a "marketability discount" to determine the "fair value" of Perle's shares, a fifty percent shareholder of Protameen Chemicals.
The primary issue in this case, decided the same day as Lawson Mardon Wheaton Inc. v. Smith, was whether a marketability discount should be applied is determining the fair value to be paid in a court-ordered buyout in a shareholder oppression suit.
The main issues in this case were the valuation techniques used to value Perle's (the defendant's) half interest in the business that he was ordered to sell to Balsamides (the plaintiff).
At issue is the valuation of a chemical corporation.
Plaintiffs seek compensatory damages for defendants' "illegal conspiracy to restrain trade by fixing prices, allocating markets, and rigging bids for sale of repackaged chlorine."