Event Study Analysis Rejected When Other Possible Events Not Considered

Business Valuation Update BVLaw
Legal and Court Case Update
December 15, 2005
5411 Grocery Stores
445110 Supermarkets and Other Grocery (except Convenience) Stores
contract
calculating damages, lost profits, event study

Penn Mart Supermarkets, Inc. v. New Castle Shopping, LLC
No. 20405-NC (Del. Chan. 2005)
US
State Court
Delaware
Court of Chancery
Amy Evans, Donna L. Harris, Herbert W. Mondros, Philip Trainer Jr., Tiffany Geyer Lydon
Thomas J. Shopa, CPA, CVA
Noble

Summary

The Delaware Court of Chancery rejected a lost profits computation based on an event study analysis that failed to consider all possible events that may have resulted in the lost profits in this breach of a protective convent in a lease case.

See Also

Penn Mart Supermarkets, Inc. v. New Castle Shopping, LLC

The Delaware Court of Chancery rejected a lost profits computation based on an event study analysis that failed to consider all possible events that may have resulted in the lost profits in this breach of a protective convent in a lease case.