Sample new business valuation cases added to BVLaw in the last few weeks
Here’s a partial listing of digests and court documents added to the exclusive BVLaw database in the past few weeks. BVLaw reviews the hundreds of cases each month—in damages, family law, Tax Court, the Delaware Chancery and other commercial courts, and elsewhere—to analyze those decisions which depended on business valuation or financial analysis in their conclusions. Lucent Technologies, Inc. [...]
If you do valuations for shareholder disputes, don’t miss next week’s Delaware Chancery roundtable
To keep up with this important precedent from the “Supreme Court” of corporation law, don’t miss Delaware Chancery Roundtable: Views from the Bench, Council & Witness Stand. In this special two-hour webinar, Neil Beaton (Grant Thornton) and Stephen C. Norman (Potter Anderson & Corroon) will ask Vice Chancellor Donald F. Parsons Jr. what the Delaware Court of Chancery expects [...]
A sampling of new digests added to the BVLaw case law digest recently
Here are some of the cases where business valuation was central to the decisions of the courts. BVR’s exclusive digests, plus the related court documents, are all available at BVLaw. Farmer v. Farmer, 2011 WL 3929114 (Wash.)(Sept. 8, 2011) Washington State Supreme Court rejects absolute rule for valuing converted employment stock options in divorce, deferring [...]
Recent cases digested at BVLaw
These are a sampling of precedent-setting cases added to the BVLaw database in recent weeks. The decisions in each of these cases were determined on principals of financial analysis. Vanzant v. Vanzant, 2011WL3558151 (Fla. App. 1 Dist.)(Aug. 15, 2011) Appellate court reverses trial court’s valuation of the parties’ liquor business, finding that it apparently “split [...]
Select new case abstracts added to BVLaw
Here are some of the cases decided recently that have been added to the BVLaw database. All of these cases adjudicated issues related to business valuation. In re Nuveen Funds/City of Alameda, 2011 WL 1842819 (N.D. Cal.)(May 16, 2011) Court dismisses securities fraud complaint regarding municipal bonds due to lack of expert loss causation evidence; [...]
Sample case law digests added to BVLaw
These are some of the valuation-related cases we’ve added to BVLaw recently: Amboy Bancorporation v. The Bank Advisory Group, 2011 WL 1533012 (C.A. 3 (N.J.))(April 25, 2011)(unpub.) Third Circuit reverses district court determination that attorneys and appraisers are not liable for material misstatements of fair value in a proxy statement, remanding case for possible findings [...]
When is it appropriate to use a calculation of value in court?
When the court specifically asks for one! At least, that’s the implicit reading of a new California divorce case, in which both party experts valued the husband’s 80% interest in a radiology software company at the beginning of the marriage (1995), for determination of its appreciation until the company’s sale three years later (for $7.5 [...]
Fourth tax case to uphold defined value clause
In a long-awaited decision (two and a half years after trial), the U.S. Tax Court just upheld the defined value formula clauses that set the fair market value of transfers of private company stock in a gift/sale transaction. The defined value clauses—which limit gift tax exposure from the transfers—were not contrary to public policy, the [...]
Has the Tax Court become almost too valuation-savvy?
The estate reported its 41.1% limited partnership (LP) interest in a family owned, timberland holding company at just over $12.6 million; the IRS said it was worth closer to $36 million and assessed a penalty of over $2.5 million. In finding that the “correct” value of the LP interest was roughly $27.5 million, the U.S. [...]
Valuation issues central to new case law digests at BVLaw
The BVLaw digests reflect all cases where appellate level or precedential decisions were decided on a matter of financial analysis or business valuation. Among the cases the legal editors are reviewing now are the following. Manpower, Inc. v. Insurance Co. of the State of Pennsylvania, 2011 WL 1356945 (E.D. Wisc.)(April 11, 2011) Court declines to [...]
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