Litigation-Driven Profit and Loss Statement Conflicting With Annual Tax Return Results in Reversal of Lost Profits Award

Business Valuation Update BVLaw
Legal and Court Case Update
June 3, 2004
6519 Lessors of Real Property, NEC
531190 Lessors of Other Real Estate Property
economic damages & lost profits
lost profits, economic damages & lost profits

Arthur Reardon v. Lovely Development, Inc.
2004 ME 74
US
State Court
Maine
Supreme Court
James E. Fortin, Joel A. Dearborn Sr., Sheilah R. McLaughlin
Rudman

Summary

The Supreme Court of Maine reversed a jury’s lost profits award in this conversion case because the award was not supported by evidence in the record.

See Also

Arthur Reardon v. Lovely Development, Inc.

The Supreme Court of Maine reversed a jury’s lost profits award in this conversion case because the award was not supported by evidence in the record.