NEW JERSEY DIVORCE MEDIATOR : DIVIDING THE BUSINESS

This was the second appellate trip for this New Jersey divorce couple. This time, rather than remanding again, the Appellate Division exercises its original jurisdiction and rectifies the division of a 9.81% equity interest in a closely-held corporation. The Court addresses the correct amount to be distributed to each party, including whether a minority discount should have been applied in the equitable distribution valuation process.    Thalmann v. Thalmann, Jr., New Jersey App. Div., May 16, 2006