Damages Claim Fails to Provide Yardsticks Capturing Defunct Startup’s Value

BVLaw
Court Case Digests
May 18, 2018

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7372 Prepackaged Software
511210 Software Publishers
economic damages & lost profits
expert testimony, buyout, economic damages & lost profits, intrinsic value, minority interest, reasonable certainty
Zaffarkhan v. Domesek
2018 Cal. App. Unpublished LEXIS 3559
US
State Court
California
Court of Appeal
Unknown (plaintiff); none (defendants)
Goethals

Summary

Appeals court upholds zero damages finding in dispute involving short-lived software startup, where plaintiff’s expert had no experience valuing software companies, misapprehended basic facts, and developed multimillion-dollar valuations for a company with no product, no revenue, and no investors.

See Also

Zaffarkhan v. Domesek

Full Text of Court Cases
May 18, 2018

Appeals court upholds zero damages finding in dispute involving short-lived software startup, where plaintiff’s expert had no experience valuing software companies, misapprehended basic facts, and developed multimillion-dollar valuations for a company with no product, no revenue, and no investors.

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