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...

Fair Value Decision Analyzes Valuation Issues

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

Rosenthal v. Erber, 2023 Ted Rosenthal and Jeffrey Erber each owned 50% of 87th Street Optical Corp. Erber ran the store, Jeffrey’s Manhattan Eyeland, while Rosenthal was a passive investor. Rosenthal filed a petition for dissolution on Feb. 3, 2021. Erber elected to...

Bankruptcy Court Determines Fair Value Under Asset Approach With ‘Limited Evidence’ Available to It

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

Herremans v. Fedo (In re Herremans), 2023 This case in Bankruptcy Court involved a court determination of the fair value of a 50% interest in a Ponderosa restaurant in Michigan. The two 50% owners who founded the restaurant 27 years ago had a falling out and set about...

U.S. District Court Excludes Expert’s Testimony on Critique of Plaintiffs’ Damages but Allows Same Expert Testimony on His Damages Calculation

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

Rieves v. Town of Smyrna, 2024 Before the court in this economic damages case was the plaintiffs’ motion to exclude the testimony of the defendants’ retained expert, Robert Vance, CPA. The defendants sought to have Vance testify as an expert regarding the calculation...

Rhode Island Supreme Court Affirms Value of Interest in Medical Practice Per Shareholder Agreement and Equitable Distribution of Assets in a Divorce Case

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

Cronan v. Cronan, 2024 In this Supreme Court of Rhode Island appeal of a divorce case decision from the family court, the supreme court, among other decisions, held that the marital estate was properly distributed, the husband’s interest in the medical imaging...

New Hampshire Supreme Court Affirms in Part and Vacates in Part and Remands Divorce Trial Court—Husband Fails to Provide Support for Expenses

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

In re Hebert, 2024 The New Hampshire Supreme Court, in this divorce case appeal, vacated the trial court’s property division and alimony awards but affirmed the trial court’s findings regarding the value of the husband’s business, Microelectrodes Inc., the value of...