Shane Roy Needham v. Janet Lea Needham

Summary

The Idaho Supreme Court reversed the district court’s affirmance of an in-kind award transferring half of the community-held corporate shares to the former wife. It held that the magistrate court could not compel the husband to act as a corporate fiduciary, improperly relied on corporate governance considerations, and used the wrong valuation framework for post-dissolution distribution. The Court also reversed the district court’s attorney-fee award and remanded for further proceedings.