Do Lost Profits Represent Diminished Value or Double Recovery?

Business Valuation UpdateVol. 20 No. 8
Legal and Court Case Update
August 2014

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2511 Wood Household Furniture, Except Upholstered
337122 Nonupholstered Wood Household Furniture Manufacturing
tort
lost profits, expert testimony, cash flow, discount, lost business value
Harrison Mfg., LLC v. JMG Mfg., Inc.
2014 U.S. Dist. LEXIS 57782
April 25, 2014
US
Federal Court
Indiana
United States District Court
David A. Parks (plaintiff); unknown (defendant)
Walton-Pratt

Summary

In negligent misrepresentation suit arising out of plaintiff’s loss of business, court allows damages calculation that “identifies” lost profits, viewing lost profits as “a subset” of the total damages, not an additional amount.

See Also

Harrison Mfg., LLC v. JMG Mfg., Inc.

Full Text of Court Cases
April 25, 2014

In negligent misrepresentation suit arising out of plaintiff’s loss of business, court allows damages calculation that “identifies” lost profits, viewing lost profits as “a subset” of the total damages, not an additional amount.

This article also appears in:
Business Valuation UpdateVol. 20 No. 8
The Comprehensive Guide to Economic Damages, Seventh Edition