SD Supreme Court steps into beef jerky case
Legal News Center
The state Supreme Court stepped into a years-long family dispute involving one of the world's largest beef jerky companies Tuesday, when the son of the Wisconsin company's founder asked justices for a better valuation of a South Dakota subsidiary.
Jay Link, a son of Link Snacks Inc. founder Jack Link, contends that a circuit judge undervalued his shares of LSI Inc. when he ruled they were worth $16.55 million.
Attorney Jon Sogn asked the South Dakota Supreme Court on Tuesday to direct that Jay Link's shares of LSI be purchased for $21 million or order a new trial to set the shares' value.
Sogn argued that the circuit judge mistakenly discounted the value because of the risks to an outside buyer. Appraisers had said a third-party buyer would be leery of investing in a privately held company that sells to only one customer, corporate parent Link Snacks.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.