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Corporations — appraisal

By: WISCONSIN LAW JOURNAL STAFF//August 1, 2013//

Corporations — appraisal

By: WISCONSIN LAW JOURNAL STAFF//August 1, 2013//

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Wisconsin Court of Appeals

Civil

Corporations — appraisal

NNM Management Group, Inc. (“Management”) appeals an order granting the motion of NNM Funding Group, LLC (“Funding”) for judgment on the pleadings, requiring Management to transfer its Class A units to Funding for zero dollars, and dismissing Management’s counterclaim. The court upheld an appraiser’s valuation of the Class A units at zero dollars. Management argues that judgment on the pleadings was inappropriate because it pled sufficient facts to state a claim challenging the validity of the appraisal based upon Funding’s alleged bad faith for supplying inaccurate and misleading information to the appraiser. We affirm the order because we conclude that the counterclaim fails to allege sufficient facts to challenge the appraisal. This opinion will not be published.

2012AP1927 NNM Funding Group LLC v. NNM Management Group Inc.

Dist IV, Dane County, Sumi, J., Per Curiam

Attorneys: For Appellant: Simmons, Jeffrey, Madison; Fox, Jodi Kristin, Madison; For Respondent: Naleid, Brittany Lopez, Milwaukee; Naeger, Jennifer, Milwaukee

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