Kinsey v. Cendant Corp.
NY court clarifies measure of lost profits for stock options in contract versus conversion cases.
Insolvency Expert Goes ‘Above and Beyond’ Balance Sheet Test
Bankruptcy expert goes “above and beyond” insolvency test to value major asset (municipal reimbursement/receivables) of troubled land development company.
In re Houston Drywall, Inc.
Bankruptcy expert goes “above and beyond” insolvency test to value major asset (municipal reimbursement/receivables) of troubled land development company.
Norberto Menendez v. Nancy M. Rodriguez-Menendez
The Florida Court of Appeals reversed the lower court’s in-kind distribution of a closely held business between divorcing parties. It found that a distribution that results in leaving the parties financially entangled was intolerable.
Closely Held Business May Not Be Divided In-Kind, but Must Be Valued
The Florida Court of Appeals reversed the lower court’s in-kind distribution of a closely held business between divorcing parties.
Expert Must Be Prepared for His Deposition
The California Court of Appeals, Second District affirmed a lower court’s grant of nonsuit to Citicorp after the trial court excluded the damages witness on Citicorp’s motion in limine following the expert’s deposition. The lower court excluded the expert ...
Phase 2 Developers, Corp. v. Citicorp Real Estate
The California Court of Appeals, Second District affirmed a lower court’s grant of nonsuit to Citicorp after the trial court excluded the damages witness on Citicorp’s motion in limine following the expert’s deposition. The lower court excluded the expert ...
Expenses That Are Avoided Following the Breach Must Be Considered When Determining Lost Profits Flowing From That Breach
The California Court of Appeals, 5th District, affirmed the lower court's grant of a new trial to determine damages stemming from a breach of contract.
Thomas W. Dupree v. Roberta Dupree
The Arkansas Court of Appeals affirmed in part and reversed in part the lower court’s characterization of closely held businesses as marital property. It found that the closely held real estate development company formed prior to the marriage was separate ...
Characterization of Closely Held Businesses Considered
The Arkansas Court of Appeals affirmed in part and reversed in part the lower court’s characterization of closely held businesses as marital property. It found that the closely held real estate development company formed prior to the marriage was separate ...
Estate of Stevens v. Commissioner
In valuing 50% undivided interest in three commercial real properties, Tax Court rejects limiting discounts to costs of partitioning, finding 25% discount is appropriate for all properties and is in line with factor analysis for fractional interests.