by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Valuation experts receive a lot of advice on how to guard against an attack from the opposing side, but sometimes an attack can come from the expert’s own client. A recent case shows how an appraiser who sued a client over unpaid fees was put on the defensive. Costly...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
In 1993, the Supreme Court positioned judges as “gatekeepers” against “junk science” in Daubert v. Merrell Pharmaceutical, Inc. (509 U.S, 579). Then, in 1999, Kumho Tire Company v. Carmichael (526 U.S. 137) extended the scope of Daubert beyond...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Wisniewski v. Walsh, 2013 N.J. Super. Unpub. LEXIS 724 (April 2, 2013) Children learn that bad behavior has consequences. An appellate court recently taught a similar lesson to a troublemaking shareholder whose doings forced a buyout. Three siblings each owned a...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Court Rulings
Employment at will issues are often hashed out in the courtroom, defending against them, especially those involving wrongful termination lawsuits, require significant industry expertise. This, combined with exhaustive research and complete analysis, are key elements...
by Royer Advisors | Dec 11, 2024 | Court Rulings
Cullifer v. Commissioner, 2014 Tax Ct. Memo LEXIS 204 (Oct. 7, 2014) In a multilayered tax shelter case, the IRS used the theory of transferee liability to pursue a $9 million claim against the petitioner in connection with the sale of company assets and company...
by Royer Advisors | Dec 11, 2024 | Court Rulings
The U.S. Tax Court has held that payments received by a police detective on his retirement, for unused sick and vacation time, were includible in income. Based on that conclusion, the court rejected the taxpayer’s argument that a portion of the vacation time and...
