Kentucky Adopts Majority Rule in Distinguishing Enterprise vs. Personal Goodwill
Kentucky Supreme Court holds with majority rule that distinguishes enterprise goodwill (marital property, divisible) from personal goodwill (non-marital, non-divisible) in valuing professional practices for purposes of divorce.
Valuation Issues in the Coming Wave of Goodwill and Asset Impairments
Widespread stock price declines and recessionary conditions will significantly affect corporate valuation and financial reporting of goodwill and long-term assets. The S&P 500 index, which represents a broad cross-section of the economy, declined by about ...
Gaskill v. Robbins (II)
Kentucky Supreme Court holds with majority rule that distinguishes enterprise goodwill (marital property, divisible) from personal goodwill (non-marital, non-divisible) in valuing professional practices for purposes of divorce.
Lost Profits or Market Value? Best Approach to Measure Goodwill Impairment
Court decides whether lost profits or market value is the most accurate measure of damages in this goodwill impairment case.
Quick Pick Express, LLC v. Quick Pick Express, Inc.
Failure to present adequate goodwill value, and proper categorization of damages proves to be fatal for plaintiffs.
Bessemer Trust Company, N.A., v. Francis S. Branin, Jr.
Court decides whether lost profits or market value is the most accurate measure of damages in this goodwill impairment case.
Ahern v. Ahern
Maine clarifies its position on enterprise versus personal goodwill.
Helfer v. Helfer (I)
Courts that follow majority rule re: distinction of enterprise/professional goodwill in divorce need to make a compete record of valuation findings and rationale.
Personal Goodwill Excluded From Value of Professional Practice
The Indiana Supreme Court ruled that the value of the enterprise goodwill of the husband's medical practice may be considered when determining the value of the practice for the purposes of a divorce. However, the court also ruled that the personal goodwi ...
Idaho Supreme Court Considers Distinguishing Personal and Enterprise Goodwill
Idaho declines to make the distinction between enterprise and personal goodwill in valuing a professional practice in divorce, holding all goodwill is marital property.
Kentucky Has Opportunity to Join Majority in Distinguishing Personal vs. Enterprise Goodwill
Kentucky considers joining the majority of jurisdictions that distinguishes personal from enterprise goodwill.
Stewart v. Stewart
Idaho declines to make the distinction between enterprise and personal goodwill in valuing a professional practice in divorce, holding all goodwill is marital property.
Gaskill v. Robbins (I)
Kentucky considers joining the majority of jurisdictions that distinguishes personal from enterprise goodwill.
Assumption Underlying Lost Profits Analysis Challenged as 'Net Opinion'
The New Jersey Superior Court, Appellate Division, determined that an accountant’s lost profits estimate was not a net opinion where the approach used was adequately supported by reference to accounting and industry standards. Rather, it found that the as ...
Fairway Dodge, Inc. v. Decker Dodge, Inc.
The New Jersey Superior Court, Appellate Division, determined that an accountant’s lost profits estimate was not a net opinion where the approach used was adequately supported by reference to accounting and industry standards. Rather, it found that the as ...
Failure to distinguish between personal and professional goodwill leads to affirmance
One of the issues in this marital dissolution was the value of husband’s dental practice.
Ongoing Goodwill Valuation and Impairment Testing Shields Professional From Liability for Misrepresentation or Fraud
One of the issues in this securities fraud class action was whether Acterna Corp.’s (Acterna’s) outside auditor, PricewaterhouseCoopers LLP (PwC), was liable for not accurately representing the value of Acterna’s goodwill under the Financial Accounting Standards Board's (FASB's) Financial Accounting Standards No. 142 (FAS 142) and because PwC knew, or should have known, that the goodwill was seriously impaired, but reported that it was not.
Failure to use goodwill in valuing a medical practice upheld but reluctantly
A major point of contention between the parties in this marital dissolution was the value of husband's radiology practice.
Enterprise Goodwill Disallowed If Based on Nonsolicitation Agreement
The issue in this marital dissolution case was whether the trial court correctly included enterprise goodwill in valuing husband’s insurance agency, Joseph Held Co.
Held v. Held
The issue in this marital dissolution case was whether the trial court correctly disallowed enterprise goodwill in valuing husband's insurance agency, Joseph Held Company.
Geaccone v. Geaccone
One of the issues in this marital dissolution was the value of husband's dental practice.
In re Acterna Corp. Securities Litigation
One of the issues in this securities fraud class action was whether Acterna Corp.’s (Acterna’s) outside auditor, PricewaterhouseCoopers LLP (PwC), was liable for not accurately representing the value of Acterna’s goodwill under the Financial Accounting St ...
Gomez v. Gomez
A major point of contention between the parties in this marital dissolution was the value of husband's radiology practice.
Husband’s earlier sale valuation damages his later divorce valuation
At issue in this marital dissolution appeal was the value of husband’s medical practice.
Personal Goodwill Excluded, Accounts Receivable Included in Professional Practice in Illinois Marital Dissolution Case
The issue in this marital dissolution was the value of husband’s dental practice and whether personal goodwill and accounts receivable should be included in that value.