Mississippi High Court Clarifies Best Practice for Lost Profits Calculation

BVLaw
Court Case Digests
July 20, 2017
5211 Lumber and Other Building Materials Dealers
444190 Other Building Material Dealers
economic damages & lost profits
damages, lost profits, expert testimony, breach of fiduciary duty, accounting, lost income, net book value

Lane v. Lampkin (III)
2017 Miss. LEXIS 283
US
State Court
Mississippi
Supreme Court
James Koerber (estate/appellants); Brent Saunders (defendant/appellee)
Chamberlin

Summary

In usurped-corporate-opportunity case, high court upholds trial court’s lost profits calculation based on actual numbers of company benefitting from wrongdoing, although best way is to project future profits or consider past profits of damaged business.

See Also

Lane v. Lampkin (III)

In usurped-corporate-opportunity case, high court upholds trial court’s lost profits calculation based on actual numbers of company benefitting from wrongdoing, although best way is to project future profits or consider past profits of damaged business.

Mississippi High Court Clarifies Best Practice for Lost Profits Calculation

In usurped-corporate-opportunity case, high court upholds trial court’s lost profits calculation based on actual numbers of company benefitting from wrongdoing, although best way is to project future profits or consider past profits of damaged business.