Bars
This industry comprises establishments known as bars, taverns, nightclubs, or drinking places primarily engaged in preparing and serving alcoholic beverages for immediate consumption. These establishments may also provide limited food services.
Cocktail Lounges
This industry comprises establishments known as bars, taverns, nightclubs, or drinking places primarily engaged in preparing and serving alcoholic beverages for immediate consumption. These establishments may also provide limited food services.
O’Mahony v. Whiston
In a case of disputes among the owners of an Irish soccer bar in New York City, the court awarded economic damages and punitive damages after the controlling owners took proceeds of a lease buyout of the bar’s prior location to establish a new identical bar in a new location while cutting out the minority owners from the new bar. Using assets of the old corporation and thereby misappropriating a corporate opportunity of the old corporation, they started a new identical bar (including the name) in a new location in a corporation the control owners set up.
New York Court Awards Lost Corporate Opportunity and Punitive Damages in Restaurant-Related Case
In a case of disputes among the owners of an Irish soccer bar in New York City, the court awarded economic damages and punitive damages after the controlling owners took proceeds of a lease buyout of the bar’s prior location to establish a new identical bar in a new location while cutting out the minority owners from the new bar. Using assets of the old corporation and thereby misappropriating a corporate opportunity of the old corporation, they started a new identical bar (including the name) in a new location in a corporation the control owners set up.
Court Rebuffs Attempt to Allocate Excess Value to Intangible Assets
Bankruptcy Court rejects proposition that sales price increase has to be attributed to one debtor’s business, as goodwill, because other debtor’s real property allegedly remains constant in value; court denies request to change allocation of proceeds.
In re Case No. 800 Bourbon St.
Bankruptcy Court rejects proposition that sales price increase has to be attributed to one debtor’s business, as goodwill, because other debtor’s real property allegedly remains constant in value; court denies request to change allocation of proceeds.
Hart v. Rick’s Cabaret Int’l, Inc.
Exotic Club Settles Employee vs. Independent Contractor Matter ...
Exotic Club Settles Employee vs. Independent Contractor Matter
Exotic Club Settles Employee vs. Independent Contractor Matter ...
Court Seeks ‘Fit’ Between Lost Business Value Calculation and Facts
In an antitrust suit of dueling nightclub owners, under Daubert district court admits lost profits damages testimony; but, reserving final judgment, court finds plaintiffs’ expert’s lost enterprise calculation lacks requisite logical connection to facts o ...
Christou v. Beatport, LLC
In an antitrust suit of dueling nightclub owners, under Daubert district court admits lost profits damages testimony; but, reserving final judgment, court finds plaintiffs’ expert’s lost enterprise calculation lacks requisite logical connection to facts o ...
City of San Antonio v. El Dorado Amusement Co., Inc.
The Texas Court of Appeals reversed an award of damages in this takings case because lost profits were duplicative of the market value of the property when valued using an income approach method. The City had taken the business’ liquor license and the val ...
Value of Taken Liquor License Determined Using Before-and-After Method
The Texas Court of Appeals reversed an award of damages in this takings case because lost profits were duplicative of the market value of the property when valued using an income approach method.
Rejected option agreement that is part of bigger deal does not determine value
One of the issues in this marital dissolution was the value of husband’s bar, Knicker’s Saloon.
In re Marriage of Gerhard
One of the issues in this marital dissolution was the value of husband's bar, Knicker's Saloon.
376599 Alberta Inc. v. Tanshaw Products Inc.
In 376599 Alberta Inc. v. Tanshaw Products Inc., 2005 ABQB 300 (decided June 3, 2005), the Alberta Court of Queen’s Bench determined the amount of the loss a nightclub experience as a result of promotion that resulted in injuries to patrons and negative m ...
Lost Profits Flowing from the Foam Party Incident
In 376599 Alberta Inc. v. Tanshaw Products Inc., 2005 ABQB 300 (decided June 3, 2005), the Alberta Court of Queen’s Bench determined the amount of the loss a nightclub experience as a result of promotion that resulted in injuries to patrons and negative m ...
Mitchell Lloyd MaGill v. Mary R. MaGill
The Tennessee Court of Appeals affirmed the lower court’s decision not to place a value on two businesses operated by the husband. The appellate court noted that neither party presented any evidence regarding the value of the businesses’ assets and the ev ...
A Business Appraiser Should Have Been Retained to Establish the Value of Businesses
The Tennessee Court of Appeals affirmed the lower court’s decision not to place a value on two businesses operated by the husband.
Fair Market Value of Minority Interest Upheld in Corporate Freeze-Out
The issue in this stockholder oppression action was whether there was sufficient evidence to support the jury award of $120,000 in compensatory damages to Jenny Kay Odom, a 10% stockholder of Missala Marine Services Inc.
Dorothee Dary, et al. v. Lee Ann Gilbert, et al.
The California Court of Appeals, First District reversed a lower court’s grant of summary judgment. It found that an unprofitable saloon business transferred to the real property owner following an unlawful detainer settlement was transferred for less tha ...
Unprofitable Saloon Has Goodwill
The California Court of Appeals, 1st District, reversed a lower court’s grant of summary judgment.
Deja Vu-Lynnwood, Inc. v. U.S.
Adult Club Dancers/Tenants Are Independent Contractors ...
Adult Club Dancers/Tenants Are Independent Contractors
Adult Club Dancers/Tenants Are Independent Contractors ...
Payne v. Commissioner
Commissioner contends that the value of the stock, $500,000, Payne received and claimed on his tax returns were significantly undervalued.
Payne v. Commissioner
Business Valuation and Taxes: Procedure, Law and Perspective ...