Proper Valuation Evidence Critical for Intangible Asset Loss Deduction
The valuation issue in this case was whether the specific and independent fair market value of 376 terminated health insurance group contracts had been sufficiently established to claim a loss deduction and evade the mass asset rule.
Capital Blue Cross v. Commissioner
At issue was the value of intangible assets for loss deductions.
American Federal Group v. Rothenberg
At issue is plaintiffs' claim of breach of fiduciary duty by the defendant.
Plaintiff Receives Value of Demised Business Interest as Damages
This action arises out of the demise of a wholesale insurance business (AFG), owned 60% by plaintiff, Dennis A. Herman, and 40% by defendant, Barnett Rothenberg.