Andaloro v. PFPC Worldwide, Inc.
PNC Financial Services Group, Inc. (PNC), the parent of PFPC Holding Corp. (Holding), had planned to take Holding's subsidiary, PFPC Worldwide, Inc. (PFPC), public via an initial public offering (IPO), but the opportunity did not arise.
Premise of Value Issue in Bankruptcy
The issue in this Chapter 11 bankruptcy is whether the secured creditors would receive more under a liquidation of the debtors’ businesses under Chapter 7 than they would under the Chapter 11 plan.
In re Lason, Inc.
At issue in this case is whether or not the asset in question can be valued as a going concern at fair market value.
Richard Crabtree v. Metalworks & Hydra-Assembly, Inc., et al.
The Ohio Court of Appeals, 10th District, affirmed the lower court’s valuation of goodwill in a metallurgy, machining, and fabrication business in this breach of fiduciary duty case.
Revised Opinion on Rehearing
In the February 2002 issue, we abstracted the Dec. 10, 2001, opinion in this case. Both parties filed petitions for rehearing, which were granted. This opinion on rehearing replaces the original opinion. The only material change in the new opinion addresses when the withdrawing partner's debt to the partnership should be offset.
Section 2000 Fair Value Assumes a Hypothetical Seller's Covenant Not to Compete
This was a voluntary corporate dissolution proceeding.
Low-End Revenue Multiplier Accounts for Corporate Debts
This case involved a claim for unpaid commissions and stock buyout valuation by Jon Billigmeier, the minority owner of Concorde Marketing Inc. , against the corporation and Glenn Willing, the majority owner.
What is going concern value?
I would be very interested in your comments about the following statement: "The value of the going concern refers to the total value of the property, including both the real property and ...
No Evidence to Support 'Going Concern Value' Adjustment
This is an appeal by the remaining partners of the trial court's findings in determining the value of the withdrawing partner's partnership interest as of the date of dissolution.
From experts in valuation in each of nine industry groups to a takeoff on Survivor, AICPA BV Conference offers variety
The 2001 AICPA Business Valuation Conference held at the Venetian in Las Vegas December 2-4 was attended by 840 people (by the way, the Venetian served the best conference food that I've ever experienced).
Mart v. Severson
In voluntary corporate dissolution proceeding, Severson exercised his right under Cal. Corp. Code section 2000 to purchase Mart's shares at their fair value to avoid dissolution.
Actual Noncompete Agreement Not Relevant to Fair Value Determination
The California Court of Appeals, District 1, reversed the lower court’s determination of fair value in this voluntary dissolution proceeding.
Marengo v. Bowen
NOTICE: THIS OPINION WAS REPLACED AFTER REHEARING. WE HAVE KEPT THE ORIGINAL OPINION HERE FOR REFERENCE AND COMPARISON PURPOSES.
Billigmeier v. Concorde Marketing, Inc.
Claim for unpaid commissions and stock buyout valuation by the minority owner of Concorde Marketing, Inc. against the corporation and the majority owner.
Use of excess income approach and choice of valuation date not abuse of discretion
This marital dissolution appeal concerns the trial court's valuations of marital assets for the marital property distribution.
Allenson v. Midway Airlines Corp.
At issue is whether the concessions are an "element of value" that may be considered in determining the corporation's statutory fair value on the date of the merger.
Concessions Under Merger Agreement Not Elements of Fair Value
The sole issue in this dissenting shareholder suit under the Delaware appraisal statute was whether certain concessions made under a cash-out merger agreement were "elements of value" to be considered in determining the corporation's statutory fair value.
Nelson v. Nelson
At issue is the valuation of the marital property including couple's engineering company.
Fair Value in Oregon Shareholder Oppression Case Is Undiscounted Pro Rata Share of Going Concern Value
Plaintiff brought this action under the Oregon dissenters' rights statute, claiming oppressive conduct of the majority shareholders and requesting judicial dissolution of the subject company.
A lawyer's guide to asset-based approaches to business valuation
Generally, asset-based approaches to valuation deal with a simplified view of the net assets and liabilities of a corporation. Fair market value is determined under asset-based approaches by using the ...
Hayes v. Olmsted & Assoc.
Issues were whether majority's conduct toward minority stockholder was oppressive, the proper method of valuing minority's stock, and value of stock.
Value Under Shareholders’ Agreement Is Not Fair Value
The Oregon Court of Appeals considered the fair value of a minority interest in a food brokerage business in this oppressed shareholder case.
Manis v. Manis
At issue is the valuation of the marital property and husband's various businesses, including pawn shops and horseback riding enterprises.
Witness credibility issues affect valuation
This appeal raised issues concerning the trial court's business financial review from the special master.
Recent arm's-length transaction not useful
Husband (Sherman) started Automotive and Related Industries, Inc. (AutoBody) shortly after he and Wife (Barnes) separated. The business was very similar to another business (FuelLine ...