Fair value – Court frowns on speculative adjustments

Description

Abstract: A recent court case, In re: Appraisal of Orchard Enterprises Inc., highlights the importance of using well-supported, objective analysis throughout the appraisal process. This brief case study discusses the ins and outs of the case and notes that using methodologies supported by the latest academic research, minimizing the use of subjective data and avoiding speculative adjustments in determining business value are the best ways to withstand legal scrutiny.