Court Denies Motion to Exclude Rebuttal Testimony of Damages

by Royer Advisors | Dec 11, 2024 | Court Rulings

SL EC, LLC v. Ashley Energy, LLC The matter at hand was a motion to exclude rebuttal testimony of Barton DeLacy regarding a sale transaction of a historic steam power plant in downtown St. Louis. For the reasons described below, the motion was denied. Background...

In a New York Business Divorce, a Petition for Dissolution Triggers Buy-Sell Agreements

by Royer Advisors | Dec 11, 2024 | Court Rulings

Collins v. Tabs Motors of Valley Stream Corp. Tabs Motors of Valley Stream Corp. (Tabs), respondent and third-party plaintiff, sought to enforce a shareholders agreement through specific performance. This decision addressed only the counterclaim of Tabs against the...

Connecticut Supreme Court Clarifies Double-Counting Rule

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

Oudheusden v. Oudheusden The Connecticut Supreme Court clarified this jurisdiction’s approach to double counting (or double-dipping in a recent decision). The court acknowledged that it had never been asked to determine whether the rule against double counting applied...

Court Adopts its Own Methodology in Determining Fair Value in a Shareholder Dissent Suit

by Royer Advisors | Dec 11, 2024 | Court Rulings

Island Light & Power Co. v. Sara Golvinveaux McGinnes Block Island Power Co. (BIPCO), founded in1925, was purchased in the 1980s by five individuals. By 2015, there were three shareholders: two doctors and the respondent, in this case, the Sara Golvinveaux...

In Buyout Dispute, ‘Downward Bias’ Sinks Expert’s Fair Value Determination

by Royer Advisors | Dec 11, 2024 | Court Rulings

Ryan Trust v. Ryan  In a bitter buyout dispute involving a thriving private family business and featuring two veteran appraisers, the Nebraska Supreme Court recently affirmed the district court’s decision to unreservedly credit the valuation testimony of the expert...

Court Rejects Creditor’s Objection to Discharge Based on Debtor’s Alleged Concealment of Client List from Accounting Business Client

by Royer Advisors | Dec 11, 2024 | Court Rulings

Case digest The case implicates section 727 of the U.S. Bankruptcy Code, which concerns a Chapter 7 debtor’s request for discharge. Objections to discharge are challenging to prove because the denial of discharge is the “death penalty” in bankruptcy. The objector has...