Frances W. Bowen, Plaintiff-Respondent v. James H. Bowen, Defendant-Appellant

Summary

The Supreme Court of New Jersey reversed the Appellate Division and remanded for a new determination of the value of a husband’s 22% minority stock interest in a closely held corporation. The Court held that a trial court may not award the wife a half‑interest without first fixing a fair market value, that a buy‑sell agreement is not controlling if it is incomplete, that expert valuations lacking reliable methodology should be given little weight, and that courts may appoint independent experts to resolve valuation disputes.