Assumption Underlying Lost Profits Analysis Challenged as 'Net Opinion'

Business Valuation Update BVLaw
Legal and Court Case Update
June 12, 2006
5511 Motor Vehicle Dealers (New and Used)
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goodwill, economic damages & lost profits, tortious interference with business relations

Fairway Dodge, Inc. v. Decker Dodge, Inc.
No. A-1736-03T2 (N.J. App. 2006), unpublished
US
State Court
New Jersey
Court of Appeals
Alexander H. Carver III, Christopher C. Botta, David W. Field, Kelly J. Kirk
Mark Koenig, CPA; Karen Frankel
Per Curiam

Summary

The New Jersey Superior Court, Appellate Division, determined that an accountant’s lost profits estimate was not a net opinion where the approach used was adequately supported by reference to accounting and industry standards. Rather, it found that the as ...

See Also

Fairway Dodge, Inc. v. Decker Dodge, Inc.

The New Jersey Superior Court, Appellate Division, determined that an accountant’s lost profits estimate was not a net opinion where the approach used was adequately supported by reference to accounting and industry standards. Rather, it found that the as ...