Zelouf International Corp. v. Zelouf (I)
In fair value appraisal proceeding, New York court finds DLOM inappropriate given low probability of sale of family business and finds assumption of hypothetical impediments to sale irrelevant; New York law does not mandate DLOM in every circumstance.
Can You Trust a Valuation That Falls Short of AICPA Standards?
Appeals court finds error in trial court’s refusal to value business; even if limited data caused expert’s estimate to fall short of AICPA standard, it was based on the market approach, a “sound and reasonable method to value a closely-held business.”
Browne v. Browne, Jr.
Appeals court defers to trial court’s method of applying one expert’s cap rate to other expert’s cash flow analysis when valuing spouse’s interest in closely held company and says “purposeful” application of minority discount has support among valuators.
Crider v. Crider
Appeals court affirms trial court’s above fair market value determinations regarding husband’s interests in various family businesses and the resulting equalization judgment but rejects trial court’s means with which to enforce payment of judgment.
Hugh v. Hugh
Appeals court finds error in trial court’s refusal to value business; even if limited data caused expert’s estimate to fall short of AICPA standard, it was based on the market approach, a “sound and reasonable method to value a closely-held business.”
How Should You Value Closely Held Businesses During these Crazy Times?
If you think keeping up with the tax laws or international standards is challenging, try valuing closely held businesses when Wall Street is going nuts. Everywhere we look, BV analysts are trying to figure out what to do when valuing a business in this ec ...
George P. Viener v. Neal Jacobs, et al.
The Pennsylvania Superior Court reversed a trial court's determination of value in this oppressed shareholder case.
Missala Marine Services, Inc. v. Jenny Kay Odom
The Supreme Court of Mississippi affirmed a jury’s award of compensatory and punitive damages.
Walter J. Neubauer v. Andrew Goldfarb
The California Court of Appeals, Second District reversed a motion for summary judgment in this breach of fiduciary duty of a majority shareholder to a minority shareholder.
Estate of Winkler v. Commissioner
Tax Court provides guidance on report writing to avoid “random walk approach” and finds respondent’s expert failed to detail thought processes underlying valuation conclusions in appraisal report.