Court Rejects Parties’ Expert Valuations of Unique Sailing Vessel as Unreliable

BVLaw
Court Case Digests
January 31, 2020

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4489 Water Transportation of Passengers, NEC
483212 Inland Water Passenger Transportation
economic damages & lost profits
income approach, admissibility, rule 702, reliability, depreciation, comparable, revenue, Rule 26
In re Manhattan By Sail, Inc.
2020 U.S. Dist. LEXIS 16978; 2020 WL 526107
US
Federal Court
New York
United States District Court
Rik van Hemmen (petitioners); Roy Scott (respondent)
Caproni

Summary

In damages case involving unique ship for which there was no active market, court says parties’ experts provided some data points relevant to valuing ship but failed to give adequate explanations of rationales and calculations, making testimony unreliable; court performs its own analysis.

See Also

In re Manhattan By Sail, Inc.

Full Text of Court Cases
January 31, 2020

In damages case involving unique ship for which there was no active market, court says parties’ experts provided some data points relevant to valuing ship but failed to give adequate explanations of rationales and calculations, making testimony unreliable; court performs its own analysis.

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition