Maryland Court of Appeals Reverses Circuit Court Dismissal of an Oppression Claim — Finds There Could Be Disguised Dividend Issue

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

Mekhaya v. Eastland Food Corp. The circuit court erred in dismissing the claims of the appellant (Mekhaya) for shareholder  oppression, breach of fiduciary duty, and unjust enrichment against his former employer, Eastland Food Corp., and its board of directors....

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,...

North Carolina Appellate Court Reverses Trial Court on Amount of Passive Appreciation in an Investment Account

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation

Asare v. Asare In this marital dissolution appellate case, the appellate court must resolve several issues related to the equitable distribution of the marital estate. On most issues, the appellate court affirmed the trial court. However, the appellate court reversed...

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...