Court Accepts Cost Approach to Calculate Value of Lost Business

Business Valuation UpdateVol. 19 No. 5
Legal and Court Case Update
May 2013

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economic damages & lost profits
Factory Mutual Insurance Co. v. Alon USA
2013 U.S. App. LEXIS 1481
January 23, 2013
US
Federal Court
5th Circuit
United States Court of Appeals
Leslie H. Miles (plaintiff); Dean Harris (defendants)
Prado

Summary

Fifth Circuit affirms lower court’s use of adjusted replacement cost as measure of damages where parties disagreed on how to calculate fair market value (FMV) of destroyed business; no market for the unique used facility exists and the value of used compo ...

See Also

Factory Mutual Insurance Co. v. Alon USA

Full Text of Court Cases
January 23, 2013

Fifth Circuit affirms lower court’s use of adjusted replacement cost as measure of damages where parties disagreed on how to calculate fair market value (FMV) of destroyed business; no market for the unique used facility exists and the value of used compo ...

This article also appears in:
Business Valuation UpdateVol. 19 No. 5
The Comprehensive Guide to Economic Damages, Seventh Edition