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...

Bankruptcy Court Decides on Debtor Qualification as a ‘Small Business’ Under Chapter 11

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

In re Hillman, 2023 In this bankruptcy, ULM challenged the filing by the debtor, Michelle Corbin Hillman, that  “the Debtor is ineligible to elect to proceed with her case under Subchapter V of Chapter 11  … because she is not a ‘person engaged in commercial or...

U.S. Appellate Court Affirms Witness’s Exclusion Under Rule 702—Cites New Rule 702 but Follows Abrogated Precedent Instead

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

Rodriguez v. Hosp. San Cristobal, Inc., 2024 (Editor’s note: This is the first reported appellate decision to cite the new Rule 702 amendments effective Dec. 1, 2023. While the appellate court noted the changes, it also cited outdated but familiar precedents. For a...