Appellate Court (Mississippi) Affirms That Goodwill Is Not a Marital Asset

by adoyle@visiblelogic.com | Jan 15, 2025 | Court Rulings, Valuations

Smith v. Smith, 2024 This case involved an appeal of a Chancery Court decision in a divorce case in Mississippi. The wife was the appellant in this case. Two major issues were on appeal. The first dealt with child custody, which we will not cover in this digest, and...

Appellate Court (California) Declines to Set Aside Appraisal and Decision of Arbitrator

by adoyle@visiblelogic.com | Jan 1, 2025 | Court Rulings, Valuations

Hardiman v. Woodlands Store, Inc., 2024 This appeal to the California Court of Appeal dealt with an appraisal of the plaintiffs’, Roy and Janet Hardiman’s, 15% interest in a grocery business the defendant, Woodlands Store Inc., owned and operated. The plaintiffs...

Motion to Amend for Consideration of Variable Member Interests Granted

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Lazar v. Mor, 2024 Gabriel Lazar and Joel Sheinbaum, et al., the plaintiffs, moved for leave to file a second amended complaint, adding two breach of contract claims against Arik Mor and Uriel Zichron, the defendants. Background. This action arose from a dispute among...

Nevada Appellate Court Affirms Value of Husband’s Business and His Separate Property Value in the Business

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Mamone v. Mamone, 2023 Shane Mamone appealed from a district court order in a  domestic matter. Shane incorporated his own construction company, SCM, in Las Vegas. He put forth significant effort to grow SCM, including making trips to Asia where he was able to obtain...

U.S. District Court (New York) Rules Interest Rates on Loans Are Not Usurious

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Golock Capital, LLC v. VNUE, Inc., 2023 “Golock Capital, LLC (Golock) and DBW Investments, LLC (DBW; together, Plaintiffs)  issued seven loans in the form of convertible promissory notes to VNUE, Inc. (VNUE).  Golock and DBW have sued VNUE for breach of its...

Bankruptcy Appeals Panel Affirms Confirmation of Chapter 11 Plan Despite Objection of Largest Unsecured Creditor

by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations

Albaad USA, Inc. v. GPMI, Co. (In re GPMI, Co.), Bankr This case involved an appeal by a creditor in a bankruptcy case that objected to the approval  by the Bankruptcy Court of the debtor’s (GPMI) Chapter 11 plan. Finding no error, the  Bankruptcy Appeals Panel (BAP)...