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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)

Citation
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Parent Document
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Jurisdiction
Missouri (state)
Effective Date
2005-04-12

Other Sections in This Document (84)

Full Text

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In June 1999, Andy Taylor invited Dunn to a company strategic planning meeting where the company’s investment banker gave a presentation suggesting that if the company went public, it would have to reduce its depreciation rate from 2% to 1.5%. Dunn testified that Jack Taylor, Enterprise’s founder, was openly opposed to this suggestion. Shortly after this meeting, Dunn approached O’Connell and told him he agreed with the investment banker that Enterprise’s depreciation rate would have to be decreased to 1.5% if they went public. He also told O’Connell the U.S. Securities and Exchange Commission (“SEC”) would likely require Enterprise to report its retail car sales as a gross revenue figure and as a separate line of business for SEC purposes. O’Connell told him that the Taylors were not going to lower the company’s depreciation rate. Dunn subsequently received a warning at *5