Damages Calculation Reversed

Business Valuation Update BVLaw
Legal and Court Case Update
May 20, 1998
6081 Branches and Agencies of Foreign Banks
522110 Commercial Banking

Carlisle Ventures v. Banco Espanol De Credito
1998 U.S. Dist. LEXIS 7489
Federal Court
New York
United States District Court
Christopher James (for plaintiff) <br> Juan Fernandez-Armesto (for defendant)


In this case for breach of a share subscription agreement, the Court of Appeals held that the district court's calculation of damages—the difference between the price paid for the stock and the hypothetical "true value" of the stock at the time of purchase—was incorrect.

See Also

Carlisle Ventures v. Banco Espanol De Credito

At issue is the valuation of the defendant's stock pursuant to a Share Subscription Agreement.