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Business Valuation
The Kentucky Supreme Court accepted discretionary review of Gaskill v. Robbins, digested here, and about which we reported here and here. It was announced at the UK Biennial Family Law Institute in Lexington today that the briefing schedule is expedited. (And, Justice Keller, Professor Graham did communicate your views, as ordered.)
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Shannon Pratt must be clicking his heals. We published some of the business valuation guru’s comments at Kentucky Has Opportunity To Join The Majority, reported on the case at The Child Custody Issue Needs To Be Remanded For A New Trial But it Would Be A Great Case For Discretionary Review On The Goodwill Issue:...
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Personal Versus Enterprise Goodwill Gaskill v. Robbins digested here and discussed here was the subject of an article in the February 2007 edition of Business Valuation Update by Shannon Pratt: Kentucky Has Opportunity to Join Majority In Distinguishing Personal Versus Enterprise Goodwill (subscription only, not available online).
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Gaskill v. Robbins, __ S.W.3d __ (Ky. App. 2006), 2006 WL 3524380 (Ky. App.) Not final, motion for reconsideration pending. Issues and Holdings:
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Gaskill v. Robbins, NO. 2005-CA-002088-MR, http://opinions.kycourts.net/coa/2005-ca-002088.pdf, was decided December 8, 2006 in an Opinion Reversing and Remanding which is designated to be published. The custody determination and business value determined by Warren Family Court Judge Margaret Ryan Huddleston were reversed and remanded for a new trial.
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Gomez v. Gomez, 168 SW3d 51 (KY. App., 2005) Hospital based medical practice valuation which included no goodwill value was reluctantly affirmed because, while capitalization of excess earnings method is an acceptable approach, the trial court is not required to use this method and trial court ruling as to valuation will not be disturbed unless...
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The April ABA e-news has a general posting about business valuations. I had no idea how “young” this sub-specialty is. If you are new to this area of divorce law, this article will untangle the alphabet soup. This is an area of family law that is near and dear to my heart. Stay tuned for...
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