Bankruptcy Appellate Panel Denies Employee Members of ESOP Claims Against Debtors

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

Bennetti v. Oxford Restructuring Advisors LLC 2023 The Bankruptcy Court did not err in disallowing claims against debtors based on rights in an  ESOP. The ESOP, an S corporation, was only obligated to provide ESOP members with the  right to have distributions in cash....

Iowa Court of Appeals Affirms Value of Husband’s Business Determined by Wife’s Expert and Includes Total Value as Marital Property

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

In re Marriage of Marasco, 2023. The property division provisions of their marital dissolution decree of the district court was appealed by the husband and cross-appealed by the wife. The appellate court affirmed the appeal as modified and affirmed the cross-appeal....

Nevada Appellate Court Affirms Value of Husband’s Business and His Separate Property Value in the Business

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

Mamone v. Mamone, 2023 Shane Mamone appealed from a district court order in a  domestic matter. Shane incorporated his own construction company, SCM, in Las Vegas. He put forth significant effort to grow SCM, including making trips to Asia where he was able to obtain...

U.S. District Court (New York) Rules Interest Rates on Loans Are Not Usurious

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

Golock Capital, LLC v. VNUE, Inc., 2023 “Golock Capital, LLC (Golock) and DBW Investments, LLC (DBW; together, Plaintiffs)  issued seven loans in the form of convertible promissory notes to VNUE, Inc. (VNUE).  Golock and DBW have sued VNUE for breach of its...

U.S. District Court Partially Excludes Witness in Securities Value Case and Allows Rebuttal Witness

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

In re Navidea Biopharmaceuticals Litig. A pharmaceuticals company, Navidea, sued its former CEO, Michael Goldberg, for, among other things, breach of contract and for a declaratory judgment establishing the contractual rights and obligations of the parties. These...

Delaware Court Grants in Some Cases and Denies in Others Motions to Exclude Expert Witnesses and Certain Evidence to be Presented

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

LCT Capital, LLC v. NGL Energy Partners LP This case dealt with motions related to an ongoing case in the court. The court offered both orders and opinions to resolve the issues at hand. The plaintiff had a Daubert motion to exclude the opinions of the defendant’s...