Great Lakes Business Trust v. M/T Orange Sun (I)

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March 2, 2012

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4499 Water Transportation Services, NEC
tort
Great Lakes Business Trust v. M/T Orange Sun (I)
2012 U.S. Dist. LEXIS 27262
US
Federal Court
New York
United States District Court
Samuel Goldfarb (plaintiff); Louis Magnan (defendant)
Forrest

Summary

Court adopts lost profits calculations by the plaintiff’s damages expert for a deep harbor dredger, accepting higher utilization rate than historic rates based on evidence of “robust” market and lack of competition.
Great Lakes Business Trust v. M/T Orange Sun (I)
PDF, Size: 138 KB

See Also

Financial Expert Makes Successful Case for Maritime Lost Profits

Legal and Court Case Update
June 2012

Court adopts lost profits calculations by the plaintiff’s damages expert for a deep harbor dredger, accepting higher utilization rate than historic rates based on evidence of “robust” market and lack of competition.

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