Adelstein

Forensic Accounting Helps Wins the Day in Oppressed Shareholder Stock Valuation Proceeding

By Peter Mahler on January 23, 2012

Posted in Accountants/Experts, Attorney's Fees, Buyout, Family-Owned Businesses, Surcharge, Valuation, Valuation Discounts

A recent decision by Queens County Commercial Division Justice Orin Kitzes in Matter of Adelstein illustrates the crucial role of forensic accounting in testing and adjusting a company’s financial statements for purposes of stock valuation in an oppressed minority shareholder case. Read more in this week’s New York Business Divorce.
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Court Addresses Necessary Party, Res Judicata Issues in Shareholder Oppression Case Pitting Uncle Against Nephews

By Peter Mahler on August 23, 2010

Posted in Buyout, Dissolution Basics, Dissolution Defenses, Family-Owned Businesses

Must a corporate dissolution petition name all shareholders as respondents? Does the dismissal of a shareholder’s prior lawsuit asserting derivative and employment-based claims preclude his seeking relief as an oppressed minority shareholder? These are the questions answered in a recent decision by Justice Orin Kitzes in Matter of Adelstein (Finest Foods Distributing Co.), featured in this week’s New York Business Divorce.
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Continue Reading Court Addresses Necessary Party, Res Judicata Issues in Shareholder Oppression Case Pitting Uncle Against Nephews