folio

Chapter 13 - ROSE’S TRUSTEE HAD BEEN RIGHTThe independent valuation came back.

Amelia’s royalty stream was worth substantially more than Evan’s consolidation model assumed.

Not sixty-three million.

Potentially closer to eighty million over the relevant term under expected adoption rates.

Evan had underpriced it.

Maybe deliberately.

Maybe optimism toward the acquisition.

Investigators found internal messages:

If we give the trustee full upside assumptions, Nexora walks.

Then:

Need Daniel to see family value, not isolated royalty value.

That was the logic.

Rose should accept less because the broader family company benefited.

Except Rose was not a corporate charity.

Her mother created that right.

As trustee counsel said:

May you like

“Family benefit is not a substitute for fiduciary duty.”

Exactly.

Related Stories

Other posts