Law License’s Income Stream Is Either an Asset or Available for Maintenance
The New York Court of Appeals determined that the value of a law license which is included in the marital community may be considered as income available for alimony payments or as property available for distribution. It noted that the income stream gene ...
Partnership Agreement Not Indicative of Goodwill
The primary issue in this marital dissolution is the value of Husband's partnership interest in his law firm of Hunton & Williams.
Thomas Quitman Brame, Jr. v. Sherrye Polk Brame
The Mississippi Court of Appeals determined that an attorney's professional practice or professional license may not be included in the value of the marital estate. It additionally determined that a remainder interest in a testamentary trust was too spec ...
Professional Practice Is Not a Marital Asset
The Mississippi Court of Appeals determined that an attorney's professional practice or professional license may not be included in the value of the marital estate. It additionally determined that a remainder interest in a testamentary trust was too spec ...
Trial court erred in splitting accounts receivable considered in buy-out valuation
The Experts: Gregory D. Anderson, CPA, CVA (court appointed) Horne CPA Group Kenneth Lefoldt, Jr., CPA (for Hensarling) Lefoldt & Company Two rheumatologists, James K. Hensarli ...
Howell v. Howell (II)
At issue is whether the trial court erred in valuing husband's interest in his law firm.
Evidence presented at trial determines result
LK comment: We reported on the trial court opinion in this case in the April 1999 issue, and published comments by expert Robert P. Raymond in the June 1999 issue.
Jeffries v. Mills
Malpractice action against defendant claiming that he was negligent when he failed to object to the sale of plaintiff's stock by the Trustee in her bankruptcy.
Corporation Without Assets May Not Necessarily Have Zero Value
The plaintiff in this legal malpractice action had hired defendant to represent her in a bankruptcy proceeding.
Everen Securities, Inc. v. A.G. Edwards and Sons, Inc., et al.
The Illinois Court of Appeals, 3rd District, affirmed the award of lost profits based a valuation of the company using the discounted lost profits method in this breach of fiduciary duty case. The firm was crippled after its vice president left Everen fo ...
Discounted Lost Profits Method Used to Calculate Damage Award
The Illinois Court of Appeals, 3rd District, affirmed the award of lost profits based a valuation of the company using the discounted lost profits method in this breach of fiduciary duty case.
Insurance Proceeds Not an Asset
Robert Cartwright was the majority shareholder, primary rainmaker, and driving force behind the law firm of Cartwright, Slobodin, Bokelman, Borowsky, Wartnick, Moore & Harris Inc. (CSB).
Estate of Cartwright v. Commissioner (II)
At issue is the valuation of the deceased's share of stock in a law firm in which he was the majority shareholder.
Stockholders' Agreement Controls Character of Insurance Proceeds
Robert E. Cartwright was the majority shareholder, primary rainmaker, and driving force behind the law firm of Cartwright, Slobodin, Bokelman, Borowsky, Wartnick, Moore & Harris Inc. (CSB).
Work in Progress Should Be Considered When Valuing a Law Firm
The 9th Circuit Court of Appeals affirmed and reversed a Tax Court decision, valuing stock in a law practice.
Attorney Grievance Commission of Maryland v. Shaw
AT issue is whether an attorney who researches stocks for a disabled person's estate is engaged in the practice of law.
Attorney Can Be Disciplined for Conduct While Not Practicing Law
The two issues that arose in this matter of attorney discipline were: "whether an attorney who researches stock for a disabled person's estate is engaged in the practice of law" and "under what circumstances any attorney may be disciplined for violations of the Rules of Professional Conduct, occurring while not practicing law."
James Bopp, Jr., et al. v. Arnold H. Brames, et al.
The Indiana Court of Appeals affirmed the lower court's calculation of the amount due to a dissolved law partnership by a former partner from the proceeds of a contingency fee case. The lower court calculated the amount due by determining the build-up va ...
Dissolved Law Firm’s Buildup Value in a Contingency Case Tied to Attorney Hours
The Indiana Court of Appeals affirmed the lower court's calculation of the amount due to a dissolved law partnership by a former partner from the proceeds of a contingency fee case.
Goodwill included in Virginia law firm partnership valuation
This case is confusing to read because there are mixed, and sometimes seemingly contradictory, references to both the appropriate standard of value and the valuation methodologies used by the respective appraisers.
Grunfeld v. Grunfeld
At issue is the valuation and distribution of the value of a spouse's professional license and professional practice.
Double counting figures in valuing husband's law firm partnership, license
The main issue in this marital dissolution is the valuation and distribution of husband's partnership interest in his law firm, and his professional license.
In re Marriage of Eisenhuth
At issue is the valuation of the marital property.
Appeals Court Affirms Trial Court’s Division of Assets
The Court of Appeals held that the trial court properly based its valuation and division of property upon wife's testimony and financial affidavit.
Howell v. Howell (I)
At issue is the valuation of the goodwill of husband's law partnership interest.