New York's Highest Court Addresses Election and Valuation Issues in Freeze-Out Case
In 1979, New York enacted legislation authorizing judicial dissolution proceedings by oppressed minority shareholders of closely held corporations.
Rivas v. Cantu
At issue is the admittance of expert testimony.
Dissent Disagrees With Implicit Conclusion That Financial Expert
This breach of contract and fraud action arose out of a joint venture to open an adult day care center.
S corps and the capital gains game
"Are S Corporations Entitled to Valuation Discounts for Embedded Capital Gains?" James J. Reto, Valuation Strategies , January/February 2000, pp. 6-9, 48. Courts have recognized the tax consequence ...
Court Appoints Independent Appraiser Due to Inadequate Evidence
At issue is husband's interest in a closely held company for marital dissolution purposes.
American Federal Group v. Rothenberg
At issue is plaintiffs' claim of breach of fiduciary duty by the defendant.
Dahill v. Dahill
Issue was the value of husband's interest in a closely held company, and whether the shareholder agreement value was controlling.
Court Reverses Order to Dismiss Fraud Case
At issue is whether the lower court properly dismissed a complaint on the basis of failure to state a cause of action.
Bernstein v. Kelso
At issue is whether the management employees of a corporation scheming with a potential buyer to sell the corporation at the lowest possible price the principal and other shareholders would accept.
Payment to Estate Partly for Decedent's Services
Decedent owned 71.43% of the stock of a law firm (CSB) that specialized in personal injury law, with earnings based on contingent fees.
Plaintiff Receives Value of Demised Business Interest as Damages
This action arises out of the demise of a wholesale insurance business (AFG), owned 60% by plaintiff, Dennis A. Herman, and 40% by defendant, Barnett Rothenberg.
Estate of Cartwright v. Commissioner
At issue is whether life insurance proceeds were paid to decedent's estate solely to redeem his CSB stock, as petitioner contends, or partly for his CSB stock and partly for any claims for cases or work in process, as respondent contends.
Estate of Lauder v. Commissioner
Dispute regarding the fair market value of the stock in question centers on the effect of a shareholder agreement executed prior to Lauder's death.
Estate of Lauder v. Commissioner
The marketability discount issue involved the valuation of estate shares in a closely held family corporation, given a restrictive transfer of shares provision in the stockholder agreement.