U.S. Supreme Court Clarifies Just Compensation In Tax Foreclosure Cases
The Supreme Court of the United States held that when a tax foreclosure auction is conducted fairly, the proper baseline for measuring just compensation after a tax sale is the auction sale price, not the property’s hypothetical fair market value. The Court vacated the lower court’s decision and remanded for further proceedings consistent with its opinion.
Trial Court Properly Valued Business In Divorce Proceedings
The trial court in this divorce action used the appropriate method to determine the value of the plaintiff’s law practice when dividing the marital estate, the Michigan Court of Appeals has ruled.
Veterinarian Malpractice Damages Award Upheld
The Michigan Court of Appeals held that the trial court did not err in calculating damages, instructing the jury, or determining sanctions.