MPI is proud to announce that Stacy Statkus has joined the firm as a Senior Vice President. Ms. Statkus brings a unique skillset to MPI after more than 16 years of experience in the litigation consulting, forensic accounting and business valuation realm. Her areas of expertise include matrimonial litigation involving high net worth individuals, celebrities, professional athletes, CEO’s and other C-suite executives, as well as other business owners and their spouses. Ms. Statkus is routinely engaged to conduct tracing analyses of separate and marital property and to identify and quantify living expenses and income available for spousal and child support.
The Delaware Court of Chancery recently determined the value of ISN Software Corporation stock to be $98,783 per share, 158% more than the merger price. ISN did not rely on a financial advisor, investment bank, or fairness opinion, but self-determined that its stock was fairly valued at $38,317 per share. Petitioners Polaris and Ad-Venture objected, and promptly filed suit.
After more than a year of speculation and rumors, on August 4, the Internal Revenue Service (“IRS”) issued proposed regulations under Internal Revenue Code §2704 (the “Proposed Regs”). Clearly, the goal of the Proposed Regs is to limit (or eliminate outright) the application of discounts for lack of control and lack of marketability when valuing interests in family controlled entities for gift, estate and generation-skipping tax purposes.
MPI announces the addition of seven new faces to our team. These team members will be working closely with our senior staff to provide analytical support required on client related engagements in our Tax-Based Valuations, Transaction Advisory, Financial Reporting and Litigation Support business.
Vice Chancellor Laster’s recent decision in the Delaware appraisal action involving Dell, Inc. determined that Dell’s stock was valued at $17.62 per share, or some 26% above the going private offer worth $13.96 per share.