In an article published in Business Valuation Law News, Sylvia Golden detais the top 10 Business Valuation and Damages Cases of 2020. Sadis’ representation of Manichaean Capital, LLC. was selected as number one.
“Manichaean Capital, LLC v. SourceHOV Holdings, Inc., 2020 Del. Ch. LEXIS 38, 2020 WL 496606 (Jan. 30, 2020)
This statutory appraisal action had a number of unusual aspects, foremost the decision by the company’s expert to introduce a novel way of estimating beta, which he acknowledged had no support ‘in the academic literature.’ Observing that it was unwise to use the courtroom as a laboratory, the court said the testimony raised serious admissibility issues and ruled the approach did not ‘survive judicial scrutiny.’”
