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...

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)...

U.S. District Court Overturns Jury Award for Consequential Damages

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

Endless River Techs. LLC v. Trans Union LLC, 2023 The parties had entered into a development agreement and contract for services for “the  joint development and commercialization of a method for providing insurers on-line, real time comparison price quotes to...

Appellate Court Remands for New Determination of Husband’s Earnings, Affirms No Dissipation of Assets

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

In re Marriage of Sommerville, 2023 Tara Sommerville (the wife) appealed the economic provisions of her divorce decree from Jamie Sommerville (the husband). She contended the district court erred in determining the husband’s earning capacity and awarding child support...

Appellate Court Affirms Value of Businesses and Tax Liability Issue

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

Pemberton v. Pemberton, 2023 Minn. App. Unpub. LEXIS 485; 2023 This is an appeal of the district court’s decree in a complex Minnesota divorce case. While a number of issues were appealed to and decided by the appellate court in this case, including spousal...