Electronic Funds Solution, LLC v. Murphy

BVLaw
Full Text of Court Cases
June 19, 2009
6099 Functions Related to Deposit Banking, NEC
522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities
economic damages & lost profits
economic damages & lost profits

Electronic Funds Solution, LLC v. Murphy
2009 WL 1717383 (Cal. App. 4 Dist.)
US
State Court
California
Court of Appeals
Edward P Lazarus, Einar Wm Johnson, John R Flocken, L Rachel Helyar, Paul A Hoffman, Paul E Greenwald, Rex S Heinke
Aronson

Summary

Because the defendants’ “stole” the plaintiff’s start-up company, the Court upholds a $10 million lost profits damages based on using the defendants’ profits and financial data as a surrogate.
Electronic Funds Solution, LLC, v. Murphy
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See Also

When One Business ‘Steals’ Another, its Net Profits Can Provide Basis for Damages

Because the defendants’ “stole” the plaintiff’s start-up company, the Court upholds a $10 million lost profits damages based on using the defendants’ profits and financial data as a surrogate.