RAJINDER LALLY, RESHAM S. LALLY, LALLY ORANGE BUICK PONTIAC GMC, INC., AND IYFRD HOLDINGS, INC., N/K/A ORANGE BUICK GMC, INC.
v.
SIMI SANDHU
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The court affirmed the trial court's valuation of the appellee's interest in the company and the treatment of shareholder loans as equity, but dismissed the appeal regarding attorney's fees as premature.
Appellants appealed a final judgment valuing the appellee's interest in a company and the treatment of shareholder loans. They also challenged an awar…
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HARRIS, J.
Appellants, Rajinder Lally, Resham S. Lally, Lally Orange Buick Pontiac GMC, Inc. (“LOB”), and IYFRD Holdings, Inc., n/k/a Orange Buick GMC, Inc., appeal the trial court’s Amended Final Judgment which valued
Appellee’s, Simi Sandhu, interest in LOB at $1,678,000. Appellants challenge the trial court’s adoption of the valuation provided by Appellee’s appraiser and its determination that shareholder loans should be treated as equity rather than debt in calculating the valuation. We affirm in all respects, with one exception. Appellants challenge the trial court’s award of attorney’s fees to Appellee. Because the trial court only determined entitlement to attorney’s fees and did not determine the amount of fees, the issue of attorney’s fees is not ripe for appellate review. See Miller v. Miller, 294 So. 3d 1021 (Fla. 5th DCA 2020). Therefore, we dismiss the portion of Appellants’ appeal challenging the finding of entitlement to attorney’s fees.
AFFIRMED in part; DISMISSED in part.
EVANDER and EISNAUGLE, JJ., concur. 2
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Rajinder Lally v. Simi Sandhu, 294 So. 3d 1021 (Fla. 5th DCA 2021)…trial court’s award of attorney’s fees to Appellee. Because the trial court only determined entitlement to attorney’s fees and did not determine the amount of fees, the issue of attorney’s fees is not ripe for appellate review. See Miller v. Miller, 294 So. 3d 1021 (Fla. 5th DCA 2020). Therefore, we dismiss the portion of Appellants’ appeal challenging the finding of entitlement to attorney’s fees. AFFIRMED in part; DISMISSED in part. EVANDER and EISNAUGLE, JJ., concur. 2…
Authorities Cited
- Rajinder Lally v. Simi Sandhu, 294 So. 3d 1021 (Fla. 5th DCA 2021)