by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Minn. Energy Res. Corp. v. Commissioner of Revenue, 2016 Minn. LEXIS 715 (Nov. 9, 2016) The Minnesota Supreme Court reviewed a tax court valuation involving a public utility company. The court’s opinion delves into bread-and-butter valuation issues such as how best to...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations
Ramundo v. Ramundo, 2017 N.J. Super. Unpub. LEXIS 443 (Feb. 24, 2017) A New Jersey divorce case revolving around the valuation of a chiropractic practice is a good example of how a skilled valuation expert may produce a credible, if incomplete, appraisal when denied...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Merion Capital L.P. v. Lender Processing Servs., 2016 Del. Ch. LEXIS 189 (Dec. 16, 2016) The adage is that the Delaware Court of Chancery has a bias toward the discounted cash flow analysis when determining fair value in statutory appraisal actions. Yet, in the past...
by Royer Advisors | Dec 11, 2024 | Financial Planning, Valuations
Buy-sell agreements protect businesses with multiple owners in the event that one of the owners dies, becomes disabled, or voluntarily decides to leave the company. The agreement should dictate who can buy the departing owner’s interest, when, how and for how...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Tax Planning, Valuations
Matter of Digeser v. Flach A New York statutory fair value decision involving a construction company highlighted key differences in the experts’ income-based valuations. The parties’ appraisers disagreed over the applicable earnings period, normalization for...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Perez v. First Bankers Trust Services, Inc. Close on the heels of the Brundle case, in which the court ruled the ESOP trustee was liable for a $28 million overpayment, comes a second decision finding trustee liability. In tandem, these cases drive home the point that...
