Date of Decision:  December 24, 2015

Court:  Appellate Court of Illinois

Key Issues:

This dissenting shareholder suit involves a challenge to a going private transaction. Plaintiffs’ attack on the sales price and process in trial court was not adopted based in part on questionable valuation testimony from an expert witness who admitted to having no formal training in accounting or business valuation. The appeals court affirmed, pointing to the Plaintiffs expert’s lack of awareness and understanding of business valuation issues.

Link to Court Opinion