Delaware Chancery Court Determines Fair Value of Minority Interest Buyout—Cites Differences in Cash-Flow Assumptions as Cause for Large Discrepancy in Value

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

Ramcell, Inc. v Alltel Corp., 2022 Del. In this appraisal action to determine fair value, petitioner Ramcell Inc. exercised its appraisal rights in asking for a statutory appraisal of the value of its 155 shares of Jackson Cellular Telephone Co. Inc. The respondent,...

Tennessee Appeals Court Affirms Trial Court Decision on Spousal Support and on the Value of Husband’s Medical Practice

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

Chase v. Chase, 2022 On appeal, the husband asked the court to review whether the wife needed alimony given the assets she otherwise received in the equitable distribution and her earning capacity as a pharmacist, whether an award of rehabilitative alimony and alimony...

North Dakota Supreme Court Affirms Valuation Date and Affirms No Deduction for Taxes in Determining Value of Stock

by Royer Advisors | Dec 11, 2024 | Court Rulings

Sproule v Johnson In a direct appeal from the district court in North Dakota to the Supreme Court in North Dakota, the Supreme Court affirmed the decision of the district court to dissolve a partnership; a buyout of the plaintiffs’ indirect interest in a Canadian...

Michigan Court of Appeals Affirms Modified-Liquidation Value in a Shareholder Deadlock Litigation

by Royer Advisors | Dec 11, 2024 | Court Rulings

Pitsch v Pitsch Holding Co. In this shareholder deadlock case, the Michigan Court of Appeals affirmed the decisions of the trial court to order a sale of the plaintiffs’ shares of Pitsch Holding Co. (PHC) to the defendants and to determine the price of the shares at a...

Ohio Appellate Court Affirms Trial Court’s Denial of Permanent Injunction and Dismisses a Claim of Tortious Interference

by Royer Advisors | Dec 11, 2024 | Court Rulings

Total Quality Logistics, LLC v. Tucker, Albin, and Assocs. An Ohio appellate court affirmed the trial court’s denial of a permanent injunction to the plaintiff because the evidence did not show that it faced immediate and irreparable injury or harm. It was also held...

The Supreme Court of New Jersey Accepts Trial Court’s Value of Companies and Denies a Marketability Discount in a Long-Running Contentious Shareholder Buyout Dispute

by Royer Advisors | Dec 11, 2024 | Court Rulings

Sipko v. Koger, Inc. This shareholder oppression and buyout litigation have been going on since November 2007. The Supreme Court of New Jersey once again stepped in. It reversed the appellate court’s decisions, remanding the case to the trial court. The Supreme...