Parties’ freedom to contract may permit “minority” and “marketability” discounts for valuing corporate shares even for shares in a closed-market transaction.
Civil
Doe v. Carmel Operator, LLC, No. 21S-CT-15, __ N.E.3d __ (Ind., Jan. 15, 2020).
Equitable estoppel can be applied only if three elements are shown: lack of knowledge, reliance, and prejudicial effect. The Court declines to adopt alternative theories for equitable estoppel.
Holcomb v. City of Bloomington, No. 19S-PL-304, __ N.E.3d __ (Ind., Dec. 15, 2020).
City can challenge a statute in a declaratory judgment action against the Governor because the legislation challenged vested enforcement authority in the Governor.
In re Paternity of B.Y., No. 20S-JP-554, __ N.E.3d __ (Ind., Dec. 18, 2020).
The trial court abused its discretion when it found mother in contempt of court and ordered that father have sole legal and physical custody of their infant child; court should not have conflated mother’s contempt of court with the best interest of the child.
Choi v. Kim, No. 20S-PL-706, __ N.E.3d __ (Ind., Dec. 18, 2020).
Remands for a new trial when trial court erred in communicating with the jury after deliberations began.