Pueblo Bancorporation v. Lindoe, Inc.

In this dissenter’s rights action, Petitioner, Pueblo Bancorporation, appeals the court of appeals’ reversal of the trial court’s determination of the fair value of the shares owned by Lindoe, Inc., a minority shareholder in Pueblo Bancorporation. The parties do not disagree over the value of Pueblo Bancorpo-ration; the only issue is whether the trial court, in assigning a specific “fair value” to Lindoe’s shares, should apply a discount to reflect the shares’ lack of marketability. The trial court applied such a discount, but the court of appeals reversed and held, as a matter of law, no…