Court Reverses $190 Million Damages Award, Finding Faulty Valuation ‘Yardstick’

Business Valuation UpdateVol. 13 No. 3
Legal and Court Case Update
March 2007

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4724 Travel Agencies
561510 Travel Agencies
economic damages & lost profits
damages, lost profits, yardstick analysis
Celebrity Cruises, Inc. v. Essef Corp. (I)
2007 U.S. Dist. LEXIS 3653
January 17, 2007
US
Federal Court
New York
United States District Court
Robert Schweihs (plaintiff); Frederick Dunbar, Jeffrey L. Baliban (defendant)
Francis

Summary

Court vacates $190 million lost profits/lost enterprise value award based on flawed comparables and financial analysis.

See Also

Celebrity Cruises, Inc. v. Essef Corp. (I)

Full Text of Court Cases
January 17, 2007

Court vacates $190 million lost profits/lost enterprise value award based on flawed comparables and financial analysis.

This article also appears in:
Business Valuation UpdateVol. 13 No. 3
The Comprehensive Guide to Economic Damages, Seventh Edition