An Arizona appeals panel has thrown out a divorce court’s calculation of the amount that the ex-wife of a Greenberg Traurig partner deserves for the value of his professional reputation.
The Arizona Court of Appeals in Phoenix on Oct. 2 ruled unanimously that the price of attorney E. Jeffrey Walsh’s professional goodwill was not limited to the stock redemption value of his stake in the firm, which totaled $140,000. The court found that the method a family court judge used to determine the worth of Walsh’s goodwillthe value of his reputation that is likely to generate future businesswas too restrictive.
