Earnings projections speculative; excess earnings method triumphs
During the marriage, the parties formed a company called Forensic Nurse Specialists (FNS), a sole proprietorship that contracted with hospitals and police agencies to collect forensic eviden ...
In re the Marriage of Waddell
APPEAL from a judgment of the Superior Court of Los Angeles County. George Kalinski, Temporary Judge. (Pursuant to Cal. Const., art. VI, § 21.) Affirmed. Blumberg Law Corporatio ...
Outdated Value of Stock at Heart of Valuation Case
The company sought to purchase a 50% interest from Kennon's estate pursuant to a stock redemption and restriction agreement that established a procedure by which, upon the death of either stockholder, the corporation would purchase the decedent's stock for a previously ascertained value.
K-Testing Lab v. Estate of Kennon
Issue was purchase of 50% interest from estate per stock redemption agreement.
Stock Value Calculated Under Stock Redemption Agreement Upheld
The Tennessee Court of Appeals enforced a buy-sell agreement that required the company to purchase the stock in the event of death for a specific value contained in the decedent's shareholders' agreement.