Discounted Lost Profits Method Used to Calculate Damage Award

Business Valuation Update BVLaw
Legal and Court Case Update
October 5, 1999

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Everen Securities, Inc. v. A.G. Edwards and Sons, Inc., et al.
No. 3-98-0874 (Ill. App. 3 Dist., 1999)
US
State Court
Illinois
Court of Appeals
Michael Graham <br>

Summary

The Illinois Court of Appeals, 3rd District, affirmed the award of lost profits based a valuation of the company using the discounted lost profits method in this breach of fiduciary duty case.

See Also

Everen Securities, Inc. v. A.G. Edwards and Sons, Inc., et al.

Full Text of Court Cases
October 5, 1999

The Illinois Court of Appeals, 3rd District, affirmed the award of lost profits based a valuation of the company using the discounted lost profits method in this breach of fiduciary duty case. The firm was crippled after its vice president left Everen fo ...