High Court Finds Trial Court’s Damages Assessment Unsound

Business Valuation UpdateVol. 22 No. 1
Legal and Court Case Update
January 2016

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5211 Lumber and Other Building Materials Dealers
444190 Other Building Material Dealers
economic damages & lost profits
damages, lost profits, expert testimony, breach of fiduciary duty, accounting, lost income, net book value
Lane v. Lampkin (II)
2015 Miss. LEXIS 503
October 8, 2015
US
State Court
Mississippi
Supreme Court
James Koerber (estate/petitioner); Brent Saunders (surviving shareholder/respondent)
Romero

Summary

State high court strikes down trial court’s damages assessment because it included values from a business valuation when the applicable law required an analysis of the entire loss suffered by a corporation owing to a partner’s breach of fiduciary duty.

See Also

Lane v. Lampkin (II)

Full Text of Court Cases
October 8, 2015

State high court strikes down trial court’s damages assessment because it included values from a business valuation when the applicable law required an analysis of the entire loss suffered by a corporation owing to a partner’s breach of fiduciary duty.

This article also appears in:
Business Valuation UpdateVol. 22 No. 1
The Comprehensive Guide to Economic Damages, Seventh Edition