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

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

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