by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Brave v. Brave, 2013 Ark. App. LEXIS 570 (Oct. 2, 2013) For over 25 years, Arkansas courts recognized a tight “professional license goodwill” exception in divorce cases. It applied primarily in cases involving professional partnerships such as medical and dental...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
In re Residential Capital, LLC, 2013 Bankr. LEXIS 4844 (Nov. 15, 2013) A recent ruling in the multifaceted Chapter 11 bankruptcy litigation of Residential Capital (ResCap) contains a noteworthy analysis of the alleged diminution in value of the collateral of junior...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations
Sparks v. Sparks, 2013 Mo. App. LEXIS 1421 (Nov. 26, 2013) As the husband pursued a divorce, he thought it necessary to sell part of his animal hospital to comply with any upcoming equalization payment order and procured a valuation. The trial court stayed the sale...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Vega v. Fulcrum Energy, LLC, 2013 Tex. App. LEXIS 12323 (Oct. 3, 2013) After a partnership dispute arose, the dismissed stakeholder sued, claiming the defendants breached an agreement that required them to buy back his interest, and retained an expert to value the...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
In re Eastman Kodak Company, 2013 Bankr. LEXIS 3325 (Aug. 15, 2013) Valuation experts who take on an engagement for which they lack the qualifications or the time risk a tongue-lashing in court, as a recent bankruptcy case demonstrates. This case highlights the...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Court Rulings
In one significant case, the Tax Court allowed a taxpayer to claim deductions for meals that stretch the limits of the traditional “sleep-or-rest” rule for business travelers. (Bissonnette, 127 TC No. 10) Background Generally, you can deduct 50 percent of...
