In a recent decision, New Jersey’s Appellate Division addressed the standard of proof for minority shareholder oppression under New Jersey law, reaffirming the “reasonable expectations” standard. In Matusow v. Iznec, et al.,…
Tag: business litigation
NJ Supreme Court: No Discounts in Determining Fair Value of Business Undergoing Divorce
In litigation matters or disputes regarding business valuation of a corporate entity, the goal of establishing fair value by a court includes the discretion as to whether any “discounts” should be applied. …
NJ Supreme Court Abolishes “New Business Rule”
Since 1936, New Jersey has followed the “new business rule,” which bars claims for lost profits by new businesses on the ground that no such claim can be proven with reasonable certainty. …