Stout regularly researches significant trust & estate tax and valuation-related cases and provides expert analyses. We examine the background behind a case as well as the court’s proceedings leading up to a decision.
Our professionals regularly work on high-stakes cases in federal and state jurisdictions and have been retained by top U.S. law firms and attorneys, with more than 1,600 expert appearances collectively across 47 states. Additionally, we work directly with government agencies, including the Department of Justice, the Department of Labor, the Internal Revenue Service, and the Securities and Exchange Commission, to resolve our clients' issues. We utilize our extensive experience both inside and outside of the courtroom to analyze recent cases so others can make informed decisions.
Trust & Estate — Tax Court Cases
The opinion on the King of Pop’s assets may serve as a helpful guide for experts involved in the valuation of the right of publicity and copyrights.
The Tax Court’s decision reflected that the intent of donors is only as strong as the precise language in the formula clause.
The decision in the case will likely be highly discussed for many years to come.
Stout’s appraisal of the taxpayer’s LLCs reiterated the accepted approaches to valuing minority interests in privately held investment entities.
Tax Court finds Income Approach is more appropriate than others in valuation of minority interests of two companies.
Valuation Disputes — Court Cases
Case Review: In re Cellular Telephone Partnership Appraisal Coordinated C.A. No. 6885-VCL
But while the starting deal price is clear in HFF, more nuance is required to determine the adjustments
Delaware Chancery Court’s fair value determination is slightly above the deal price in a merger between these two national movie theater chains.
In this shareholder dispute, plain meaning of the words on the page ruled the day in Indiana Supreme Court.
Lacking market-based evidence of fair value, the court relied on traditional valuation methodologies in its decision.
Applying the entire fairness standard, the court ruled the defendants met their burden.
The court found that while the sale process was not perfect, the facts of this case, when viewed as a whole, compared favorably with the facts in other recent Court of Chancery cases
The Delaware Court of Chancery opined against the petitioners' proposed valuation.
The Delaware Chancery Court relied on the unaffected market price and performed an independent DCF analysis to corroborate the most persuasive market evidence.
We discuss the valuation of synergies and present a framework for allocating value between buyer and target in an M&A transaction.
In ruling, the court uses deal price less synergies in deriving the fair value of Aruba Networks, Inc.
The gift tax matter covered the Guideline Public Company Method, S corps versus C corps, discounts for lack of marketability, transfer restrictions, and more.
Recent decisions illuminate the Delaware Court of Chancery’s perspective on long-term growth rates in discounted cash flow analyses.
The Delaware Chancery Court ruled that Shah be awarded fair value of his LLC member interest rather than the book value of his capital account.
The Delaware Court of Chancery’s ruling was consistent with previous appraisal cases and found that representative DCF models were not credible.
The opinion in Blueblade v. Norcraft marks another instance in which the Delaware Chancery Court exclusively relied on DCF analysis in determining fair value.
Stout's expert analysis of factors used in the Delaware Chancery Court ruling in In re Appraisal of AOL Inc. to determine the fair value of the Verizon transaction.