Taxation
Burden of Proof in Tax Cases: Valuation and Ranges—An Update
In this Article, the author discusses the difficulty in many valuation cases of determining a definite valuation point by the required degree of persuasion (more likely than not in most civil cases). This point was made cogently in Cede & Co. v. Technicolor, Inc ., a frequently cited opinion by the Delaware Court of Chancery, a forum for significant litigation involving corporate valuations...