In Re 75,629 Shares of Common Stock of Trapp Family Lodge, Inc.

This is a dissenters’ rights case in which Trapp Family Lodge, Inc., (TFL) appeals from a decision of the Lamoille County Superior Court that determined the fair value of the corporation’s stock to be $63.44 per share. TFL argues that the trial court erred by (1) rejecting the testimony of its expert witness and adopting the valuation of the dissenting shareholders’ expert in its entirety; (2) failing to consider the tax consequences of a hypothetical sale of corporate assets; (3) refusing to give weight to share valuations adopted for the purpose of a shareholders’ agreement; and (4)…