Recent changes to the Ohio Revised Code streamlined the process
for relief and clarified the rights of dissenting shareholders of
corporations formed in Ohio. The changes clarify the
appropriate standard of value to be applied in dissenting
shareholder rights disputes.
Defining Fair Cash Value
One of the items clarified from a valuation perspective was
Ohio’s measurement of ‘fair cash value.’ According to Ohio
law, ‘fair cash value’ is defined as, “the amount that a willing
seller who is under...
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Being a firm in the Midwest, we commonly value heavy manufacturing
and industrial-based companies. While we service a wide array
of industries in the valuation space, we have noted a growing trend
in the region for start-up information technology companies.
Therefore, we are often charged with the task of determining values
for these fast-paced companies.
We
recently completed the valuation of one such high-growth IT
company. We were engaged to determine the value of equity of
the subject...
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In the wake of MF Global Holdings LTD’s bankruptcy, clients,
regulators, and creditors are all attempting to untangle the
defunct investment company’s financial accounts to determine what
remains to be distributed to MF Global’s stakeholders. The
billions of dollars lost by MF Global on its investments in
European sovereign debt left its clients scrambling to salvage any
part of MF Global’s assets to recoup their diminished account
balances. But what about the other secured and...
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