Legal Opinion
Kirk Huffman v. Gene Hains
Court of Appeals for the Seventh Circuit
Decided January 25, 1989No. 87-2919PublishedCited by 54 opinions
1Opinion of the Court
MANION, Circuit Judge.
Kirk Huffman owned stock in the Vi-dette-Messenger Company (“Vidette”), an Indiana corporation that published a newspaper in Valparaiso, Indiana. In January, 1985, Huffman decided to sell his Vidette stock to his mother. In anticipation of the sale, Huffman hired Gene Hains, a certified public accountant, to appraise the stock.
Hains determined that the Vidette stock was worth $3,900 per share. Based in part upon Hains’ appraisal, and in part upon a lower appraisal his mother had provided, Huffman agreed to sell his stock to his mother for $2,750 per share. Five months…
2Cases cited15 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Moor v. County of AlamedaSupreme Court of the United States · 1973
- Aldinger v. HowardSupreme Court of the United States · 1976
- Junior Ray Duckworth, Cross-Appellants v. Gayle Franzen, Cross-AppelleesCourt of Appeals for the Seventh Circuit · 1986
- Chauncey L. Moore, Jr. v. The Marketplace Restaurant, Inc.Court of Appeals for the Seventh Circuit · 1985
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3Cited by54 opinions
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- Kennedy v. Schoenberg, Fisher & Newman, Ltd.Court of Appeals for the Seventh Circuit · 1998
- Anny Newman v. Diana BurginCourt of Appeals for the First Circuit · 1991
- Ross v. United StatesCourt of Appeals for the Seventh Circuit · 1990
- David C. Disher v. Information Resources, Inc.Court of Appeals for the Seventh Circuit · 1989
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