California Court of Appeal

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Maughan v. Correia, D058957

In a dispute between a sister and brother over their respective holdings in a family run corporation, judgment of the trial court is affirmed for the most part, but modified where the trial court incorrectly applied the minority discount in calculating plaintiff's damages. Here, the trial court should have applied the 40 percent discount directly to the value of the additional minority interest plaintiff was entitled to purchase pursuant to the stock option agreement, rather than awarding plaintiff with a windfall of almost $200,000, thereby prejudicing defendant.

Appellate Information

  • Decided 10/24/2012
  • Published 10/24/2012

Judges

  • Benke

Court

  • California Court of Appeal

Counsel

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