Summer Newsletter 2018

In This Issue: Hidden Hazards of Selling a Business Sales of Small Businesses Are Expected to Increase The Value of Private Companies has Increased per Pepperdine Report Extra Cash Flow From Tax Reform to be Invested Delaware Court of Chancery Imposes Over $20 Million in Damages on Investment Fund and Its Manager Court Allows Tesla…


U.S. Department of Labor and First Bankers Trust Settle ESOP Lawsuits

THE BACKGROUND The U. S. Department of Labor (“DOL”) reached agreements to resolve four lawsuits with First Bankers Trust Services Inc. (“FBTS”).  The lawsuits alleged that FBTS violated the Employee Retirement Income Security Act (ERISA) when it approved stock purchases by the Employee Stock Ownership Plans (ESOPs).  As part of the agreements, FBTS paid approximately…


Spring Newsletter 2018

Middle-Market M&A Strengthens in 2018 Intangibles Make Up 75% of Purchase Price Allocations Telltale Signs of a Possible Ethics Scandal What’s the Value of Charles Manson’s Image Recap of Some of 2017’s Top Business Valuation Cases Where’s All That Tax Savings Going? Thoughts on Tax Reform’s Impact on Business Valuations Tombstones Download the Spring 2018…


ESOP Compliance: Coloring Inside the Lines

In the complex world of ESOP Regulation, it is crucial that the trustee follow all Department of Labor (“DOL”) guidelines. The DOL has become increasingly vigilant, and, as new process agreements have been issued, ESOP trustees must be ever more adherent to compliance protocols. This is not the place to push boundaries or express creativity….


Winter Newsletter 2018

The Stock Market and it’s Impact On The Value of Closely-Held Businesses SEC Settlement Over Fair Value Signals Shift of Focus Another Nonprofit Hospital Caught in Property Tax Crackdown Delaware No Longer Has Friendliest Lawsuit Climate Some Tell-Tale Signs That A Forecast is Unreliable The Effects of Corporate Scandal Handling the Causation Issue in Damage Cases…


Fall Newsletter 2017

Succession Planning Options for Family-Owned Businesses Many Small-Biz Owners Don’t Want to Retire Surprising Estimates of Private-Company Cost of Equity Proxy Gave ‘Fair’ Summary of Valuation Work, Chancery Says Tombstones What’s the Value of a Laugh? New Jersey Ruling Cements Use of DLOM to Sanction Oppressing Shareholder VMI Highlights Download the Fall Newsletter 2017


Summer Newsletter 2017

Chancery Says Control Premiums Are Real and Legitimate Valuation Issues KO’d a Third of M&A Deals in 2016 Global Brand Acquisition Values Up Most Family Firms Need a Good Succession Plan Coffee: It’s All About the Brand Rogue One Film Points Up Celeb Estate Valuation Issue Busy Time for Law Firm M&A Healthcare Multiples Chancery…


Spring Newsletter 2017

Introducing a New Look for Value Management Inc. Identifiable Intangibles Garner Bigger Share of Purchase Price Allocations Marijuana Legalized in Eight New States Trump’s Woes Highlight Human Risk to Brand Values Tombstones A Man With a Plan Can Tax Court Corrects Prior Valuation of LP Interest to Startling Result Download the Spring Newsletter 2017


Summer Newsletter 2016

VMI Celebrates its 25th Anniversary VMI Represents Mangar Industries in Sale to Oliver Products Company Acquisitions of Private Firms Increased 10% in 2015 Healthy Outlook for Healthcare ASC Acquisitions Tombstones Valuation Multiples in Healthcare Services Hot M&A Market in the Staffing Industry Download the Summer Newsletter 2016