Back to Basics for Lost Profit Damages Calculations Amid COVID-19

Business Valuation UpdateVol. 26 No. 10
October 2020
economic damages & lost profits
damages, lost profits, economic damages & lost profits, coronavirus, COVID-19

Summary

Does the pandemic have an impact on the measurement of future lost profits, particularly where the underlying breach occurred before the pandemic arose? This is an area of law that could change as courts begin to face disputes in the context of a COVID-19 world. In the meantime, this article gives a primer on calculating lost profits damages.