Golf Courses
This industry comprises (1) establishments primarily engaged in operating golf courses (except miniature) and (2) establishments primarily engaged in operating golf courses, along with dining facilities and other recreational facilities that are known as country clubs. These establishments often provide food and beverage services, equipment rental services, and golf instruction services.
Lender Uses Debtor’s Own Appraiser to Show Plan Lacks Financial Feasibility
Lender uses cash flow projections by the debtors’ appraiser to show that the proposed reorganization plan for two golf clubs is unfair and not feasible.
In re Fairvue Club Properties
Lender uses cash flow projections by the debtors’ appraiser to show that the proposed reorganization plan for two golf clubs is unfair and not feasible.
Experienced BV Expert Manipulated by Resort Owner and Attorneys?
Bankruptcy court avoids $209 million loan distribution to a resort owner, finding he (and counsel) manipulated the valuation experts, inflated projections, and used flawed appraisals for the underlying assets.
In re Yellowstone Mountain Club, LLC
Bankruptcy court avoids $209 million loan distribution to a resort owner, finding he (and counsel) manipulated the valuation experts, inflated projections, and used flawed appraisals for the underlying assets.
Conrad Janis v. CIR (Janis II)
The U.S. Court of Appeals for the Ninth Circuit affirmed the Tax Court’s determination of the fair market value of an inherited art collection for partnership basis purposes, inclusive of a blockage discount. The court also analyzed the duty of consistenc ...
Blockage Discount Reconsidered
The U.S. Court of Appeals for the 9th Circuit affirmed the Tax Court’s determination of the fair market value of an inherited art collection for partnership basis purposes, inclusive of a blockage discount.
Connecticut Supreme Court Reverses $15 Million Award Because of Insufficient Damages Evidence
The Supreme Court of Connecticut has overturned a 1997 malpractice decision by the state's Superior Court (BVU, March 1997, p. 9) which awarded more than $15 million in malpractice damages to the plaintiffs.
Beverly Hills Concepts v. Schatz & Schatz (II)
In legal malpractice action, issue was whether the trial court improperly made the award based on lost profits.
Court Awards $15 Million Damages Based on Discounted Cash Flow
At issue is a legal malpractice action the corporate plaintiff, Beverly Hills Concepts Inc., brought against the law firm of Schatz & Schatz, Ribicoff & Kotkin.
Beverly Hills Concepts v. Schatz & Schatz (I)
At issue is in this legal practice case is the establishment of expert testimony and circumstancial evidence.