Contract Damages: Accounting for Post-Breach Market Conditions

Business Valuation UpdateVol. 18 No. 2
Legal and Court Case Update
February 2012

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1522 General Contractors-Residential Buildings, Other Than Single-Family
236116 New Multifamily Housing Construction (except For-Sale Builders)
contract
damages, breach of contract, economic damages & lost profits
CR-RSC Tower I, LLC v. RSC Tower I, LLC
2011 Md. App. LEXIS 141
October 26, 2011
US
State Court
Maryland
Court of Appeals
Gregory Leisch, Wiley Wright, and William Foote (plaintiffs); Larry Johnson (defendants)
Eyler

Summary

Court of Appeals affirms $36.3 million lost profits for real estate development, finding that evidence of post-breach market deterioration was not relevant and permitting recovery for collateral damages, even though re-sale contracts did not exist for the ...

See Also

CR-RSC Tower I, LLC v. RSC Tower I, LLC

Full Text of Court Cases
October 26, 2011

Court of Appeals affirms $36.3 million lost profits for real estate development, finding that evidence of post-breach market deterioration was not relevant and permitting recovery for collateral damages, even though re-sale contracts did not exist for the ...

This article also appears in:
Business Valuation UpdateVol. 18 No. 2
The Comprehensive Guide to Economic Damages, Seventh Edition