Rieves v. Town of Smyrna

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Full Text of Court Cases
February 2, 2024
2833 Medicinal Chemicals and Botanical Products
325411 Medicinal and Botanical Manufacturing
economic damages & lost profits
calculating damages, damages, expert testimony, cross-examination, economic damages & lost profits, retail, reliability, cannabis

Rieves v. Town of Smyrna
2024 U.S. Dist. LEXIS 18626
US
Federal Court
Tennessee
United States District Court
Robert Vance, CPA, ABV, CFF, CVA, CFP; Tom Price, CPA/ABV/CFF, CVA
Alita A. Trauger

Summary

The plaintiffs’ business was allegedly damaged by the actions of the defendant. The plaintiffs engaged an expert in economic damages and lost profits. The defendants engaged their own expert to provide his opinions as to why he believed the plaintiffs’ expert’s opinions were unreliable. The court ultimately excluded this portion of the defendants’ expert’s testimony. The defendants’ expert’s calculation of damages, however, was a matter for cross-examination and will be allowed.
Rieves v. Town of Smyrna
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See Also

U.S. District Court Excludes Expert’s Testimony on Critique of Plaintiffs’ Damages but Allows Same Expert Testimony on His Damages Calculation

The plaintiffs’ business was allegedly damaged by the actions of the defendant. The plaintiffs engaged an expert in economic damages and lost profits. The defendants engaged their own expert to provide his opinions as to why he believed the plaintiffs’ expert’s opinions were unreliable. The court ultimately excluded this portion of the defendants’ expert’s testimony. The defendants’ expert’s calculation of damages, however, was a matter for cross-examination and will be allowed.