double dipping

No Double Dipping! Court Denies Post-Valuation Date Distributions in Equitable Buyout of LLC Member

By Peter A. Mahler on March 23, 2020

Posted in Advancement and Indemnification, Buyout, LLCs, Valuation, Valuation Discounts

George Costanza would be unhappy to hear about an Appellate Division decision last week affirming a trial court ruling, among others of interest in an LLC appraisal proceeding, in which it rejected as “double dipping” a request for post-valuation date income distributions on top of the fair value award. Learn more in this week’s New York Business Divorce.
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Post-Valuation Date Distributions: Should They Be Credited Against Fair Value Awards?

By Peter A. Mahler on October 7, 2019

Posted in Valuation

Should the fair value award in a judicial dissolution proceeding, following the respondent’s election to purchase and an appraisal proceeding, be reduced by post-valuation date shareholder distributions? Find out in this week’s New York Business Divorce.
Continue Reading Post-Valuation Date Distributions: Should They Be Credited Against Fair Value Awards?