Financial Expert Makes Successful Case for Maritime Lost Profits

Business Valuation UpdateVol. 18 No. 6
Legal and Court Case Update
June 2012

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4499 Water Transportation Services, NEC
tort
Great Lakes Business Trust v. M/T Orange Sun (I)
2012 U.S. Dist. LEXIS 27262
March 2, 2012
US
Federal Court
New York
United States District Court
Samuel Goldfarb (plaintiff); Louis Magnan (defendant)
Forrest

Summary

Court adopts lost profits calculations by the plaintiff’s damages expert for a deep harbor dredger, accepting higher utilization rate than historic rates based on evidence of “robust” market and lack of competition.

See Also

Great Lakes Business Trust v. M/T Orange Sun (I)

Full Text of Court Cases
March 2, 2012

Court adopts lost profits calculations by the plaintiff’s damages expert for a deep harbor dredger, accepting higher utilization rate than historic rates based on evidence of “robust” market and lack of competition.

This article also appears in:
Business Valuation UpdateVol. 18 No. 6
The Comprehensive Guide to Economic Damages, Seventh Edition