Breach of Stock Option Contract Damages Measured as of the Date of the Breach

Business Valuation Update BVLaw
Legal and Court Case Update
November 4, 2002

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3571 Electronic Computers
334111 Electronic Computer Manufacturing
contract
breach of contract, economic damages & lost profits
Edward E. Lucente v. International Business Machines Corporation (II)
No. 01-7857 (2nd Cir. 2002)
US
Federal Court
2nd Circuit
United States Court of Appeals
McLaughlin

Summary

The U.S. Court of Appeals for the 2nd Circuit reversed damage awards for breach of stock option and restricted stock contracts.

See Also

Edward E. Lucente v. International Business Machines Corporation (II)

Full Text of Court Cases
November 4, 2002

The U.S. Court of Appeals for the Second Circuit reversed damage awards for breach of stock option and restricted stock contracts. It noted that the district court improperly used the conversion measure of damages. It stated that damages in a contract ac ...

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