In Re Riddle
The appeal in this case dealt with, among other issues, the trial court’s decision to adopt the husband’s expert’s value that was based on a capitalization of earnings based on expected future income. The appellate court noted that the evidence from the trial showed that the business received no revenue after the wife sold her interest to a third party, and there was no evidence that similar earnings would occur in the future. The trial court’s determination of value was vacated and remanded.
Trial Court’s Decision of Value of Business Based on a Going Concern Is Reversed and Remanded
The appeal in this case dealt with, among other issues, the trial court’s decision to adopt the husband’s expert’s value that was based on a capitalization of earnings based on expected future income. The appellate court noted that the evidence from the trial showed that the business received no revenue after the wife sold her interest to a third party, and there was no evidence that similar earnings would occur in the future. The trial court’s determination of value was vacated and remanded.
Christine Hoffman v. Ronald J. Gaglio
The California Court of Appeal for the Second District determined that a third party could recover against a real estate appraiser for malpractice under a negligent misrepresentation theory when the third party was not in the class of person intended to b ...
California Considers When an Unknown Third Party May Rely on an Appraiser’s Opinion
The California Court of Appeal for the 2nd District determined that a third party could recover against a real estate appraiser for malpractice under a negligent misrepresentation theory.
Medical Practice Valuation Turns on Accounts Receivable
Two rheumatologists, Hensarling and Songcharoen, were equal shareholders of the Jackson Arthritis Clinic and Osteoporosis Center PA.
Hensarling v. Songcharoen
At issue is the value for Songcharoen's stock in the plaintiff and defendant's medical corporation.
Anthony Kish and Action Medical v. Health Personnel Options Corporation
The Wisconsin Court of Appeals reversed a trial court's determination of damages stemming from a breach of contract to purchase a business and retention of the business's assets.
Damages for Failure to Return Assets Capped at Their Purchase Price
The Wisconsin Court of Appeals reversed a trial court's determination of damages stemming from a breach of contract to purchase a business and retention of the business's assets.
Alpha Medical, Inc. (Alpha Medical II) v. CIR
The U.S. Court of Appeals for the Sixth Circuit reversed the U.S. Tax Court and permitted Alpha Medical to deduct the full $4.4 million salary it paid its Founder and CEO under IRC sec. 162. The Sixth Circuit reviewed the lower court's analysis of the com ...
Executive’s Compensation Found Unreasonable
The Tax Court considered whether a CEO's compensation was reasonable and thus deductible to the company under IRC Sec. 162.
Alpha Medical, Inc. (Alpha Medical I) v. CIR
The Tax Court considered whether a CEO's compensation was reasonable and thus deductible to the company under IRC Sec. 162. The Tax Court applied a multi-factor test which considered the executive's qualifications, the executive's past compensation, the ...