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...

The District Court Refuses to Throw Out Experts Under Daubert Motions, Citing Differences in Admissibility and Scrutiny Under Cross-Examination

by Royer Advisors | Dec 11, 2024 | Court Rulings

Innovation Ventures, L.L.C. v. Custom Nutrition Labs., L.L.C. This case involves a consideration of motions by both the plaintiff and the defendant to exclude the testimony of the other party’s expert witness based on Daubert and the Federal Rules of Evidence....

Key Ruling From Tennessee Appeals Court Finds Tax Affecting ‘Relevant’ to Fair Value Determination

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

Raley v. Brinkman In a Tennessee buyout dispute involving a limited liability corporation organized as an S-corporation, the parties disagreed over whether it was appropriate to tax affect in calculating the fair value of the terminated member’s interest. The trial...