ARIZONA DRINK COMPANY TRIAL

The Court had to determine the fair value, under New York law, of a combined 50% interest in the AriZona Entities as of two valuation dates. The overall litigation had numerous complexities however, the valuation and related issues were ultimately fairly straightforward. However, in an informal article of this type, I will not cite specific pages for simplicity and ease of reading. There are numerous quotes from the Court’s decision in Ferolito v. The parties recently closed a private settlement of the matter, so there will be no appeal. 2 I was asked not to publish anything while the matter was still pending. I have not previously written about the AriZona matter because I was a business valuation expert witness on behalf of one side. The Court’s decision in what I will refer to as “the AriZona matter” (or “the matter”) was filed on October 14, 2014.

ARIZONA DRINK COMPANY TRIAL

The trial lasted from until July 2, 2014. The trial was held in the Supreme Court, State of New York, Nassau County, New York, the Hon. New York’s Largest Corporate Dissolution Case: AriZona Iced TeaĪfter several years of litigation involving a number of hearings and trials on various issues, a trial to conclude the collective fair value of a group of related companies known as the AriZona Entities (also referred to as “AriZona” or “the Company”), occurred.

Arizona drink company