Snyder v. Snyder In this Pennsylvania divorce case, the Superior (Appellate) Court affirmed the trial court’s decision to use the wife’s method of valuing a marital asset business after the master concluded that the wife’s testimony was credible and that her valuation method “accurately valued the business.” The Superior Court also concluded that the trial  Continue Reading »

Stone v. Citizens Equity First Credit Union The trustee for the International Supply Co. (ISCO) asked the bankruptcy court to avoid and recover prepetition fraudulent transfers made to Citizens Equity First Credit Union (CEFCU). The bankruptcy court determined that ISCO was insolvent when the transfers were made, not to satisfy its debts but rather for  Continue Reading »

The average cost of a data breach has risen to a record high, according to a new study by the independent research firm Ponemon Institute. The study found that the global average cost grew from $4.24 million per incident in 2021 to $4.35 million in 2022, an increase of roughly 2.6%. Moreover, the international average  Continue Reading »

In re Appraisal of Regal Entertainment Group Summary. In a merger action involving a publicly traded company, dissenting shareholders sued for a higher value than the deal consideration. Under the applicable appraisal jurisprudence, the court determined fair value using the deal price minus synergies and adjusting for the change in the value of the target  Continue Reading »

Have you been contacted by a charity that pulls on your heartstrings and persuades you to open your wallet? There is a multitude of reputable charities doing good deeds and supporting worthy causes. But be aware of a proliferation of scam charities designed to separate you from your hard-earned money without the actual performance of  Continue Reading »

ShopRite, Inc. v. Gardiner The Court of Appeals was asked to review the trial court’s determinations of fair value for the shares of stock of a withdrawing shareholder. Shawne Gardiner was a withdrawing shareholder in ShopRite Inc. (3.8% interest) and Tobacco Plus Inc. (3.95% interest). Gardiner sent a formal notice of withdrawal under the Louisiana  Continue Reading »

Fraud risk assessments have been shown to prevent occupational fraud and limit losses for victimized organizations. According to “Occupational Fraud 2022: A Report to the Nations,” published by the Association of Certified Fraud Examiners (ACFE), these tools have become more prevalent in recent years. But although almost 50% of businesses perform fraud assessments, many owners  Continue Reading »

Nelson v Commr., 2021 “Mary P. Nelson and James C. Nelson appeal the Tax Court’s denial of their petition for a redetermination of a deficiency of gift tax issued by the commissioner of Internal Revenue for the tax years 2008 and 2009. For the following reasons, we AFFIRM.” Facts. Mary Pat and James Nelson sought  Continue Reading »

The number of part-time jobs in the United States has generally increased over the past few decades. As of June 2022, there were approximately 25 million part-time workers. Although some part-time employees would prefer a full-time position, many people choose to work fewer than 40 hours per week. Employing part-timers can provide financial and operational  Continue Reading »

Dettenhaim Farms, Inc. v. Greenpoint Ag, LLC This decision of the appeal court of Louisiana took up the alleged damages of the soybean crop and the trial court’s findings on the matter. The appeal court found that the trial court abused its discretion when it chose an expert’s methodology for determining damages, “as another methodology  Continue Reading »