Lost Profits Award Recalculated to Consider Costs of Doing Business

Business Valuation Update BVLaw
Legal and Court Case Update
May 25, 1999

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5084 Industrial Machinery and Equipment
423830 Industrial Machinery and Equipment Merchant Wholesalers
tort
Forklift Systems, Inc. v. Werner Enterprises
No. 01-A-01-9804-CH-00220 (Tenn. App. 1999)
US
State Court
Tennessee
Court of Appeals
Cantrell

Summary

The Tennessee Court of Appeals concluded that a lost profits award should be based on net profits rather than gross profits in this negligence matter where Werner's truck disabled power at Forklift's business for 1.5 days.

See Also

Forklift Systems, Inc. v. Werner Enterprises

Full Text of Court Cases
May 25, 1999

The Tennessee Court of Appeals concluded that a lost profits award should be based on net profits rather than gross profits in this negligence matter where Werner's truck disabled power at Forklift's business for 1.5 days. The court additionally vacated ...