First District Reverses Valuation of Stock

The First District Court of Appeal reversed on a single issue today in Blossman v. Blossman, the valuation of the parties’ voting and non-voting stock in the Abita corporation.  Evidently each party’s expert used a different method of valuing stock, and the court below used a figure that was an average of the two.  As this averaging of multiple valuation methods is not permitted, reversal was required.