Dissenting Shareholder
The Firm was engaged by a terminated shareholder in a Corporate Code Section 1800 involuntary dissolution action. The Firm valued the company under the "fair value" statute pursuant to Section 2000 of the California Corporation's Code. Even though the shareholder held a minority position, the Firm was able to look at transactions involving the sale of comparable businesses in determining the prorated value of the shareholder's interest, without regard to minority discount (consistent with California case law under Section 2000).
The Firm was engaged by a corporate plaintiff in an action against it by a minority shareholder regarding interpretation of a buyout agreement and the term fair value. The Firm testified as to appropriate standards of value ("Fair Value vs. Fair Market Value"), the misinterpretation of the standards by opposing expert, and ultimately, the valuation of the entity.
The Firm was engaged, along with two other appraisers pursuant to Corporate Code Section 1800, to value a major farm equipment supplier. The Firm conducted a liquidation analysis pursuant to Section 2000 and cooperated with the other experts in rendering a joint report.