Celsius Holdings, Inc. v. Strong Arm Productions USA, Inc.

BVLaw
Full Text of Court Cases
December 11, 2024
2086 Bottled and Canned Soft Drinks and Carbonated Waters
312111 Soft Drink Manufacturing
economic damages & lost profits
damages, breach of contract, stock, valuation date, contract, shareholders, trial court

Celsius Holdings, Inc. v. Strong Arm Productions USA, Inc.
2024 Fla. App. LEXIS 9594; 2024 WL 5063357
US
State Court
Florida
Court of Appeal
Klingensmith, Conner, Kuntz

Summary

In determining the amount of damages in this contract dispute, the Florida Appellate Court dealt with the appropriate date of value of stock of the defendant in determining the appropriate amount of damages. The date of value was an issue that arose in a number of cases. The court rejected the use of the date of trial but remanded for the court to determine whether to use the date of the breach of contract or the date at which restrictions on the sale of stock lapsed. While the court touched on the restriction issue, no evidence that a value at the date of breach, which included the impact of the restrictions on value, was presented.
Celsius Holdings, Inc. v. Strong Arm Productions
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See Also

Florida Appellate Court Remands for Determination of the Proper Date of Value in a Damages Case

In determining the amount of damages in this contract dispute, the Florida Appellate Court dealt with the appropriate date of value of stock of the defendant in determining the appropriate amount of damages. The date of value was an issue that arose in a number of cases. The court rejected the use of the date of trial but remanded for the court to determine whether to use the date of the breach of contract or the date at which restrictions on the sale of stock lapsed. While the court touched on the restriction issue, no evidence that a value at the date of breach, which included the impact of the restrictions on value, was presented.