Topic
Valuation
279 published works
Valuation Litigation & Shareholder Rights Blog
SourceHOV: Chancery Court Departs From Merger Price Awarding 12% Premium
By Jarett Sena
In a recent appraisal decision, Delaware Vice Chancellor Slights III awarded investors a 12% premium above deal price, fully adopting the discounted cash flow analysis Petitioners tendered, except for one…
Valuation Litigation & Shareholder Rights Blog
DCFs Yield Lowest Valuation of Multiple Methods – Evidence From Slovakia
By Rich Bodnar
In this paper, published in 2015 in Investment Management and Financial Innovations, the authors examined multiple valuation methods for a specific data set: in this case, Slovakian mining companies. Comparing…
Tax Law for the Closely Held Business
Valuation, Hindsight, and Taxes
The Benefit of Knowing Monday morning quarterbacking – the connotations are anything but positive. Life is full of instances in which someone, in possession of all the factors that informed…
Valuation Litigation & Shareholder Rights Blog
South Africa: Mechanics of Appraisal Examined
By Rich Bodnar
South African firm Cliffe Dekker Hofmeyr (CDH) has published this analysis discussing the mechanics of South African appraisal – a jurisdiction we’ve covered multiple times before. The relatively new appraisal…
Valuation Litigation & Shareholder Rights Blog
A Look at Tax Valuation in Action
By Jarett Sena
In prior posts, we have explained various valuation concepts, including the discounted cash flow (DCF) and comparable company analyses. In this post, we examine how those concepts can be applied for…
Securities Law Exchange
Negotiating Earnouts in M&A Transactions: Effective Approaches to Bridging the Valuation Gap
Bass, Berry & Sims attorney Tatjana Paterno will take part in a CLE webinar titled, “Negotiating Earnouts in M&A Transactions: Effective Approaches to Bridging the Valuation Gap” on July 25,…
The Capital Commitment
SEC Fines Fund Manager $5 Million Over Undervaluation of Assets
By Joshua M. Newville, Brian A. Hooven
A recent action where the SEC focused on the presumably conservative undervaluation of assets suggests that it is more than willing to use valuation as a hook to deter “smoothing”…
Compliance Building
Weak Valuation Procedures Result in Private Fund Fine
An SEC investigation found that Colorado-based investment adviser Deer Park Road , in connection with one of its funds, failed to have policies and procedures to address the risk that…
Whitman Legal Solutions Blog
Representations, Warranties, and Covenants
A fine string instrument is an expensive purchase. Professional level instruments are hand-made by individual luthiers. Each instrument is unique and has its own history. Sometimes, that history is reflected in scratches and repairs.…
Valuation Litigation & Shareholder Rights Blog
Does Valuation Method Matter? Evidence from Finland
By Rich Bodnar
Does the valuation method parties pursue, and that a Court uses, matter to the ultimate valuation of a firm? This recent paper studying data from Finnish appraisal of private terms…