Lost Profits Based on Past Transactions Must Show They Were Comparable

Business Valuation Update BVLaw
Legal and Court Case Update
August 15, 2000

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4212 Local Trucking Without Storage
484110 General Freight Trucking, Local
economic damages & lost profits
Camar Corporation v. Preston Trucking Company, Inc.
No. 99-1007 (1st Cir. 2000)
US
Federal Court
1st Circuit
United States Court of Appeals
Campbell

Summary

The U.S. Court of Appeals for the 1st Circuit affirmed the district court's decision to limit Camar's damages stemming from Preston's loss of Camar's equipment under the Carmack Amendment to the Interstate Commerce Act to its actual damages.

See Also

Camar Corporation v. Preston Trucking Company, Inc.

Full Text of Court Cases
August 15, 2000

The U.S. Court of Appeals for the 1st Circuit affirmed the district court's decision to limit Camar's damages stemming from Preston's loss of Camar's equipment under the Carmack Amendment to the Interstate Commerce Act to its actual damages.

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition