Court rejects expert’s unsupported use of three-year historical averages in his DCF to adjust the debtors’ management projections regarding revenue, debt-free cash flows, capital expenditures, and sales.

The Tax Court valued a film library consisting of B grade films in connection with an economic substance analysis of a partnership transaction that resulted in substantial capital losses to the taxpayer. The library was valued using a discounted cash flow...

Federal court affirms it Daubert exclusion of an expert for using unsupported three-year historical averages in his DCF to adjust the debtors’ management projections regarding revenue, debt-free cash flows, capital expenditures, and sales.

Delaware Chancery conducts thorough DCF analysis in breach of fiduciary duty/appraisal action, with emphasis on credible management projections and inputs.

Bankruptcy court voids $25 million acquisition based on valuations that used historic, twelve months earnings prior to closing and rejecting expert who relied substantially on inflated, unreasonable management projections.

Court considers multiple expert analyses versus "commonsense" to come up with value of parent company common stock uncoupled from management authority...

The Delaware Court of Chancery determined the fair value of 652,400 shares of 800-JR Cigar, Inc. In doing so it rejected a comparable transaction valuation because the alleged comparables were in a different, but related industry. It also rejected an anal...

One issue was whether the trial court correctly valued the business using the excess earnings approach while determining the capitalization rate on its own.

The Delaware Court of Chancery determined that a fairness opinion, obtained in conjunction with a stock for stock merger, was a fair representation of value to the shareholders. The shareholders brought suit against the defendant, contesting the valuatio...

At issue is the valuation of the equity holder's interest in the debtor's company.