Lifetime Lost Profits Subject to Contractual Termination Limits

Business Valuation UpdateVol. 16 No. 8
Legal and Court Case Update
August 2010

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6331 Fire, Marine, and Casualty Insurance
524126 Direct Property and Casualty Insurance Carriers
contract
Farmers Insurance Exchange v. Hudson
2010 WL 1806660 (Tex. App.-Beaumont)
May 6, 2010
US
State Court
Texas
Court of Appeals
Harold Ingersoll (plaintiff); Andrew Galbraith (defendant)
Kreger

Summary

Court reduces an expert’s “lifetime” award of lost profits to the three-month termination/notice provisions under the employment contract.

See Also

Farmers Insurance Exchange v. Hudson

Full Text of Court Cases
May 6, 2010

Court reduces an expert’s “lifetime” award of lost profits to the three-month termination/notice provisions under the employment contract.