Dissenting Judges Criticize Expert’s Lost Profits Calculation for Failing to Consider Lawful Factors Contributing to the Decline in Profits

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2005

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tort
lost profits, economic damages & lost profits
Progressive Casualty Insurance Company v. All Care, Inc.
No. 2003-CA-01197-COA (Miss. App. 2005)
US
State Court
Mississippi
Court of Appeals
Linley Jones, Margaret Oertling Cupples, W. Wayne Drinkwater, William P. Featherston
Stan Smith, Ph.D. <br>
Bridges

Summary

The Mississippi Court of Appeals determined that lost profits damages were sufficiently proven and quantified in this business interference action based on the testimony of an economist.

See Also

Progressive Casualty Insurance Company v. All Care, Inc.

Full Text of Court Cases
June 7, 2005

The Mississippi Court of Appeals determined that lost profits damages were sufficiently proven and quantified in this business interference action based on the testimony of an economist. The majority criticized the plaintiff for failing to introduce its o ...

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition