No Place for Asset Appraisal in Trust Dispute, Court Says
In trust dispute, appeals court affirms trial court’s exclusion of expert’s “asset appraisal and valuation,” finding business valuator’s approach for measuring damages was inconsistent with scope of the case, irrelevant, and not helpful to trier of fact.
Cartwright v. Jackson Capital Partners, Ltd. P'ship
In trust dispute, appeals court affirms trial court’s exclusion of expert’s “asset appraisal and valuation,” finding business valuator’s approach for measuring damages was inconsistent with scope of the case, irrelevant, and not helpful to trier of fact.
Lack of Marketability a Factor in Valuing Minority Interest
In buyout case, calculation of fair value of minority shareholder’s interest in restaurant turns on forensic accountant’s credit/cash ratio analysis; New York trial court says law recognizes lack of marketability as a factor in valuing closely held corpor ...
Expert Fee Dispute Devolves Into Malpractice Claim
In fee dispute, appeals court affirms trial court’s rejection of disgruntled client’s attempt to defend against accounting firm’s suit with allegations of malpractice; client failed to offer expert testimony to support attack on appraiser’s valuation.
Cortes v. 3A N. Park Ave. Rest Corp.
In buyout case, calculation of fair value of minority shareholder’s interest in restaurant turns on forensic accountant’s credit/cash ratio analysis; New York trial court says law recognizes lack of marketability as a factor in valuing closely held corpor ...
Cohen & Company v. Breen
In fee dispute, appeals court affirms trial court’s rejection of disgruntled client’s attempt to defend against accounting firm’s suit with allegations of malpractice; client failed to offer expert testimony to support attack on appraiser’s valuation.
Low Risk to Business Justifies Expert’s Capitalization Rate
In divorce case, appellate court upholds valuation of a small agriculture-related company based on the capitalization of net income approach; record supports court-appointed expert’s capitalization rate, including his selection of the supply-side equity r ...
Alexander v. Alexander
In divorce case, appellate court upholds valuation of a small agriculture-related company based on the capitalization of net income approach; record supports court-appointed expert’s capitalization rate, including his selection of the supply-side equity r ...
Valuation multiples and control premiums down in 4th quarter 2001
With five valuation multiples plus control premiums for almost 3,000 transactions spread over 16 quarters now in the Mergerstat/Shannon Pratt's Control Premium Study (CPS ), it becomes quite inter ...
Mergerstat / Shannon Pratt's Control Premium Study and Mergerstat® Review are two distinct services
One of the questions I am asked frequently is, What is the difference between Mergerstat/Shannon Pratt's Control Premium Study ( Control Premium Study ) and Mergerstat® Review? This column addres ...
FMV introduces detailed Restricted Stock Study
Discounts for lack of marketability are frequently the largest money issue in disputed valuation cases. The FMV study has researched the most data points for each transaction and thus can deliver the ...
Chandler v. Chandler
At issue is the valuation of the restaurant business and calculation of husband's income for support purposes.
Restaurant valuation remanded for recalculation
The Chandlers opened a fine dining restaurant four years prior to the husband's filing for divorce. The husband managed every aspect of the restaurant, which was incorporated as Chandler's ...
The true economic tax burden of S Corporations
"The Economic Impact of Taxes on S Corporation Valuations," C. Donald Wiggins, S. Mary Hand, and Laura L. Coogan , Business Valuation Review , June 2000, pp. 70-79. In this article the authors wa ...
Taking a good look at Pratt's Stats
The guideline merger and acquisition method of valuing businesses has been in existence for some time. However, it is only recently that this method truly became a useful way to determine value. Wit ...
Economic Value Added: Some Empirical EVAdence
"Economic Value Added: Some Empirical EVAdence," Biddle, Gary C., Robert M. Bowan, James S. Wallace , Managerial Finance , Vol. 24, No. 11, pp.60-69. Like all corporate "buzzwords" economic value ...
1999 Guide to Business Valuations has "fair value" chapter, much more
The new 1999 Guide to Business Valuations contains more new material than any edition in several years.
On earning power & creative methodology
[T]he phrase 'earning power' must imply a fairly confident expectation of certain future results. It is not sufficient to know what the past earnings have averaged, or even that they disclose a defin ...
Speakers discuss landmark cases, market approach and discounts
This report concludes our coverage of the Nov. 15-17 AICPA Business Valuation Conference. For summaries of other presentations and a list of audiotapes available, see BVU December, 1998, pp. 1-4.
Fruitful subjects to research
I am a Ph.D. student at Walden University and wish to study a contemporary problem in business valuation as my dissertation topic. I would appreciate if you could recommend some topics tha ...
Practitioners disagree strongly on excess earnings methodology
In our October 1996 issue I titled my Editor's Column The 'excess earnings' method: how to get a defensible result. We included a questionnaire and solicited reader response. The r ...