Lost Profits Attributable to Loss of At-Will Employee Stricken

Business Valuation Update BVLaw
Legal and Court Case Update
June 8, 2006
5611 Men's and Boys' Clothing and Accessory Stores
448110 Men's Clothing Stores
tort
lost profits, economic damages & lost profits

Saks Fifth Avenue, Inc. v. James, Ltd.
No. 051613 (VA 2006)
US
State Court
Virginia
Supreme Court
Richard Edelman, Ph.D.; Bruce Dubinsky
Agee

Summary

The Virginia Supreme Court reversed a trial court’s decision and struck a lost profits calculation that attributed the entire loss in profits to the loss of an at-will employee.

See Also

Saks Fifth Avenue, Inc. v. James, Ltd.

The Virginia Supreme Court reversed a trial court’s decision and struck a lost profits calculation that attributed the entire loss in profits to the loss of an at-will employee because the calculation did not differentiate between the loss attributable so ...