Lost Profits Expert Relied Solely on New Business Plan

Business Valuation UpdateVol. 18 No. 2
Legal and Court Case Update
February 2012

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5122 Drugs, Drug Proprietaries, and Druggists' Sundries
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contract
Beijing Tong Ren Tang (USA) Corp. v. TRT USA Corporation et al.
2011 U.S. Dist. LEXIS 135417
November 23, 2011
US
Federal Court
California
United States District Court
Victor Republicano
Whyte

Summary

Court vacates over $2 million in lost profits for new venture, finding the damages expert relied solely on “grandiose” and unrealistic business plans.

See Also

Beijing Tong Ren Tang (USA) Corp. v. TRT USA Corporation et al.

Full Text of Court Cases
November 23, 2011

Court vacates over $2 million in lost profits for new venture, finding the damages expert relied solely on “grandiose” and unrealistic business plans.

This article also appears in:
Business Valuation UpdateVol. 18 No. 2
The Comprehensive Guide to Economic Damages, Seventh Edition