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Dissolution Battle Over Heavily Indebted Business Yields $1 Buy-Outs

By Peter A. Mahler on December 22, 2014

Posted in Accountants/Experts, Buyout, Deadlock, Dissolution Basics, Valuation

Call it the case of the underwater watering hole. This week’s New York Business Divorce looks at a recent post-trial decision by Justice Carolyn Demarest ordering $1 buy-outs of the petitioners’ shares in a debt-laden business that operates a neighborhood bar. …
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The Case of the One-Dollar Buyout

By Peter A. Mahler on December 7, 2007

Posted in Buyout, Valuation

Under Section 1118 of the Business Corporation Law, when a minority shareholder files a petition for judicial dissolution of a close corporation based on oppressive conduct by the controlling shareholders or directors, the respondent shareholders may avoid dissolution by electing to purchase the petitioner’s shares for fair value.

I recently got a call from…