Connecticut Supreme Court Reverses $15 Million Award Because of Insufficient Damages Evidence

Business Valuation UpdateVol. 4 No. 11
Legal and Court Case Update
November 1998

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7997 Membership Sports and Recreation Clubs
713940 Fitness and Recreational Sports Centers
malpractice (legal)
damages, economic damages & lost profits
Beverly Hills Concepts v. Schatz & Schatz (II)
247 Conn. 48, 717 A.2d 724, 1998 Conn. LEXIS 341
September 15, 1998
US
State Court
Connecticut
Supreme Court
Thomas Ferreira, CPA (for Beverly Hills)<br>Irwin Hochberg, CPA (for Schatz)
Katz

Summary

The Supreme Court of Connecticut has overturned a 1997 malpractice decision by the state's Superior Court (BVU, March 1997, p. 9) which awarded more than $15 million in malpractice damages to the plaintiffs.

See Also

Beverly Hills Concepts v. Schatz & Schatz (II)

Full Text of Court Cases
September 15, 1998

In legal malpractice action, issue was whether the trial court improperly made the award based on lost profits.

This article also appears in:
Business Valuation UpdateVol. 4 No. 11
The Comprehensive Guide to Economic Damages, Seventh Edition