Formal Accounting Training Required for Testimony Regarding Profits

Business Valuation Update BVLaw
Legal and Court Case Update
January 25, 2000

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3531 Construction Machinery and Equipment
333120 Construction Machinery Manufacturing
intellectual property
Seatrax, Inc. v. Sonabeck International, Inc.
No. 98-20815 (5th Cir. 2000)
US
Federal Court
5th Circuit
United States Court of Appeals
Douglas Campbell
Stewart

Summary

The Fifth Circuit affirmed the district court's decision excluding Seatrax's damages expert under Daubert and Kumho Tire. It concluded this expert, an industry expert without any formal accounting training, could not testify regarding profit margins in m ...

See Also

Seatrax, Inc. v. Sonabeck International, Inc.

Full Text of Court Cases
January 25, 2000

The Fifth Circuit affirmed the district court's decision excluding Seatrax's damages expert under Daubert and Kumho Tire. It concluded this expert, an industry expert without any formal accounting training, could not testify regarding profit margins in m ...