Lost Customer Account: Must Damages Account for Lost Profits, Not Lost Value?

Business Valuation UpdateVol. 15 No. 7
Legal and Court Case Update
July 2009

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fraud
Netquote v. Byrd (II)
2009 WL 902437(D. Colo.)
April 1, 2009
US
Federal Court
Colorado
United States District Court
Stephen Duree (plaintiff); Mark Zyla (defendant)
Ebel

Summary

Court upholds $1.6 million damages award for value of lost customer accounts, rejecting defendants’ argument that, according to applicable law, the proper and exclusive measure of damages is lost future profits.

See Also

Netquote v. Byrd (II)

Full Text of Court Cases
April 1, 2009

Court upholds $1.6 million damages award for lost value of lost customer accounts, rejecting defendants’ argument that according to applicable law, the proper and exclusive measure of damages is lost future profits.

This article also appears in:
Business Valuation UpdateVol. 15 No. 7
The Comprehensive Guide to Economic Damages, Seventh Edition