SCHULTZ v. RUSSELL LINEN SERVICE, INC., No. CV02-0079500S (Apr. 3, 2006)

GEORGE W. RIPLEY, JUDGE TRIAL REFEREE.

In accordance with the direction of the Appellate Court in this matter as set out in Russell v. Russell, 91 Conn.App. 619, the judgment entered by the trial court on May 12, 2004 is amended as follows:

1) Judgment is entered for the defendants on the Fourth Count.

2) The damages found by the court to be due to the plaintiffs is reduced from $885,000.00 to $660,375.00.

The court finds in order the proposed remand calculation as set out in plaintiff's brief of March 21, 2006 labeled "Exhibit A".

NET ASSET VALUE METHOD PROPOSED Per Report of M.R. Weiser Co., LLP REMAND CALCULATION

Trial Exhibit II Total Asset (Exhibit A-1) $2,481,500 $2,481,500 Total Liabilities (Exhibit A-1) $ 514,000 $ 514,000 Net Before Taxes $1,967,500 $1,967,000 Life Insurance Proceeds -500,000 __________ $1,467,500 Value of total equity Interest of Russell Linen Services, Inc. (per above) $1,967,500 $1,467,500 % Interest owned by Estate of G. Alton Russell x .45 x .45 CT Page 6148 ___________ __________ Value of Estate of G. Alton Russell's .45% interest in Russell Linen Service, Inc. $ 885,375 $ 660.375 ___________ __________ Rounded $ 885.000 ___________ Original Judgment $ 885,000 Proposed Judgment $ 660,375

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