TITLE

'Devastating' Cross-Exam in Shareholder Buy-out Case Leads to Discredited Expert

PUB. DATE
May 2010
SOURCE
Business Valuation Update;May2010, Vol. 16 Issue 5, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein a shareholder of an equipment company wanted a buy-out of his share. A federal bankruptcy court in Texas found that the company paid shareholder-worker bonuses in disguised dividends to evade double taxation. The court estimated that the shareholder still owns 8% interest at the company and presented three ways to value it such as the shareholder's expert valuation, book value and buy-sell provision under the shareholders' agreement of the company.
ACCESSION #
52740670

 

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