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The team at Dodson Parker Behm & Capparella, PC shares updates and thoughts on developments in the law.

New Standards for Determining Stock Value for Dissenting Shareholders

The Tennessee Supreme Court has endorsed new methods for determining the value of stock for dissenting shareholders, clarifying that there is no single required approach to determining stock value under Tennessee law. The case of Athlon Sports, Inc. v. Dugan, concerned minority stockholders who were forced out during a company merger.  The stockholders sued for the value of their business...

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Auto Insurance Statutes Unclear Where Rentals are Concerned

Renting a car can be complicated.  Unwinding the insurance issues when a rental in involved in an accident requires untangling the intersection of state and federal law. A new Tennessee Supreme Court ruling gives some guidance. Tennessee’s Financial Responsibility statutes, Tenn. Code Ann. § 55-12-101 et seq., mandate that Tennessee motorists have auto insurance.  Specifically, a Tennessee...

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Tennessee Rejects Preemption Rule When Vicarious Liability Admitted

Does comparative fault still apply for direct negligence claims when the employer has admitted vicarious liability?  In its recent ruling on a Tenn. R. App. P. 10 Extraordinary Appeal, the Tennessee Court of Appeals has answered “yes.” As a result of the recent ruling in Jones v. Windham, the Court of Appeals has rejected the so-called preemption rule, barring direct negligence...

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