Lack of Due Diligence and Industry Experience Lead to Loss of $4 Million in Damages

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

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7542 Carwashes
811192 Car Washes
economic damages & lost profits
economic damages & lost profits, due diligence
Total Clean, LLC v. Cox Smith Matthews, Inc.
2010 WL 4108820 (Tex. App.)
October 20, 2010
US
State Court
Texas
Court of Appeals
Keith Fairchild
Hilbig

Summary

Expert’s lost profits analysis fails for lack of industry experience, objective analysis, or data.

See Also

Total Clean, LLC v. Cox Smith Matthews, Inc.

Full Text of Court Cases
October 20, 2010

Comprehensive research and analysis lend credibility to financial expert’s calculations for over $8 million lost profits and lost goodwill for restaurant.

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