Texas Panel Finds Business Valuation Expert Relied On Faulty Data, Reverses Award

Texas Panel Finds Business Valuation Expert Relied On Faulty Data, Reverses Award

HOUSTON - A 14th District Texas Court of Appeals panel on May 9 reversed a $43.38 million award for breach of fiduciary duty, finding that the plaintiffs' expert damages opinion was based on unreliable data and should have been barred (Citrin Holdings, LLC, et al. v. Matthew Minnis, et al., No. 14-11-00644-CV, Texas App., 14th Dist.; 2013 Tex. App. LEXIS 5723).

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