Ohio Trial Court Fails to Consider Expert Testimony—Appellate Court Remands

by adoyle@visiblelogic.com | Jan 29, 2025 | Court Rulings, Valuations

Miller v. Miller, 2024-Ohio-821 The husband, Craig Miller, appealed from an amended judgment decree of divorce. The appellate court reversed the trial court. Facts and procedural history. The parties married on June 15, 2004. The husband became an optometrist in 2004...

Appellate Court (Mississippi) Affirms That Goodwill Is Not a Marital Asset

by adoyle@visiblelogic.com | Jan 15, 2025 | Court Rulings, Valuations

Smith v. Smith, 2024 This case involved an appeal of a Chancery Court decision in a divorce case in Mississippi. The wife was the appellant in this case. Two major issues were on appeal. The first dealt with child custody, which we will not cover in this digest, and...

Appellate Court (California) Declines to Set Aside Appraisal and Decision of Arbitrator

by adoyle@visiblelogic.com | Jan 1, 2025 | Court Rulings, Valuations

Hardiman v. Woodlands Store, Inc., 2024 This appeal to the California Court of Appeal dealt with an appraisal of the plaintiffs’, Roy and Janet Hardiman’s, 15% interest in a grocery business the defendant, Woodlands Store Inc., owned and operated. The plaintiffs...

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...

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...

New York Court Allows Enforcement of Under-Market-Value Buy-Sell and Approves At-Will Termination of Shareholder-Employees

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

Laurilliard v. McNamee Lochner, P.C. Plaintiffs Kevin Laurilliard and Paul Pastore brought this commercial action against the law firm McNamee Lochner PC as well as nine individuals alleged to be “majority shareholders” of the firm. The defendants moved for dismissal...