First-Time Lost Profits Expert Challenged for Using Ibbotson Multiples

Business Valuation UpdateVol. 17 No. 1
Legal and Court Case Update
January 2011

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7629 Electrical and Electronic Repair Shops, NEC
811219 Other Electronic and Precision Equipment Repair and Maintenance
contract
daubert, economic damages & lost profits
Metro Tech Corp. v. TUV Rheinland of N.A.
2010 WL 4117123/4117115 (D. Puerto Rico.)
October 14, 2010
US
Federal Court
United States District Court
Dr. Juan Lara-Fontanez (plaintiffs)
Pieras

Summary

Court limits damages to breach of contract to those that can be ascertained with reasonable certainty, and qualifies first-time lost profits plaintiff’s expert to testify re: same.

See Also

Metro Tech Corp. v. TUV Rheinland of N.A.

Full Text of Court Cases
October 14, 2010

Court limits damages to breach of contract to those that can be ascertained with reasonable certainty, and qualifies first-time lost profits plaintiff’s expert to testify re: same.

This article also appears in:
Business Valuation UpdateVol. 17 No. 1
The Comprehensive Guide to Economic Damages, Seventh Edition