Summary
Fifth Circuit affirms lower court’s use of adjusted replacement cost as measure of damages where parties disagreed on how to calculate fair market value (FMV) of destroyed business; no market for the unique used facility exists and the value of used compo ...
Factory Mutual Insurance Co. v. Alon USA
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See Also
Court Accepts Cost Approach to Calculate Value of Lost Business
Fifth Circuit affirms lower court’s use of adjusted replacement cost as measure of damages where parties disagreed on how to calculate fair market value (FMV) of destroyed business; no market for the unique used facility exists and the value of used compo ...