Whether or not a business owner plans to sell or transfer their business in the next few years, obtaining a proper business valuation is critical. A professional valuation performed by an accredited specialist, based on accurate modeling and sound...
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The AICPA has issued a bridging document to move a VS100 (Statement on Standards for Valuation Services) valuation engagement to an International Valuation Standards (IVS)-compliant valuation engagement. This is the culmination of a project that has been in development...
Case: Quattro Parent LLC v. Rakib Citation: 2022 N.Y. Misc. LEXIS 260; 2022 NY Slip Op 30190(U) The plaintiff, Quattro Parent LLC (Quattro), moved for a summary judgment on damages in a breach of contract case. The court had already decided...
In re MultiPlan Corp. Stockholders Litig., 2022 Del. Ch. LEXIS 1; 2022 WL 24060 Well a firestorm hit the legal world of special purpose acquisition corporations (SPACs) when the Delaware Court of Chancery (Lori W. Will, VC) denied motions to...
Two new cases exemplify the need to know the law in the jurisdiction of your case in a marital dissolution (divorce). In Harvey v. Harvey, the California Appellate Court noted that a tax liability is not taken into account unless...
The BVR legal team often receives inquiries about our method and “rules” behind our case law research and digesting process, so we’re sharing this important background information with you. The BVLaw case law database includes thousands of court cases...
CCA 202152018, the IRS Office of Chief Counsel Memorandum The Chief Counsel office (IRS) recently released a memorandum, which comes to two primary conclusions. First, under the fair market value standard, the hypothetical willing buyer and willing seller of...
While there is no proof, it appears that the courts are rejecting Daubert standard and FRE 702 challenges more frequently. Take, for example, these two companion cases: Xodus Med. v. Prime Med., 2021 U.S. Dist. LEXIS 240473, and Xodus Med....
At the recent AAML/BVR divorce conference, held May 8-10 in Las Vegas, one of the sessions that best conveyed the advantages of an interdisciplinary discussion was on ethics. The topic was “Ethics Violations: How to Avoid the Letter No...
In the closely watched Vinoskey ESOP litigation, the trial court recently issued a long decision that found all the defendants liable. The independent trustee was liable for causing the ESOP to overpay for company stock, the court said. It further held...