Value in Use vs. Value in Exchange: Do the Courts Know the Difference?

John W. VanSanten, Managing Director at Stout Risius Ross, Charles J. Moll, III, Partner at Winston & Strawn LLP, and Elliot B. Pollack, Partner at Pullman & Comley, LLC discussed the increasing number of court cases that blur the line between the value-in-use and value-in-exchange concepts.  The specific topics addressed included defining and differentiating between value in use and value in exchange, how courts are applying the concepts in property valuation disputes, and practical ways to avoid value-in-use rulings.

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