Lost Profits From Breach of Contract Difficult to Assess for a New Business

Business Valuation Update BVLaw
Legal and Court Case Update
February 14, 2005
3494 Valves and Pipe Fittings, NEC
332919 Other Metal Valve and Pipe Fitting Manufacturing
contract
lost profits, breach of contract, economic damages & lost profits

Kirk Brisbin v. Superior Valve Company et al.
No. 03-1851 (3rd Cir. 2005)
US
Federal Court
3rd Circuit
United States Court of Appeals
David H. Tennant, George E. McGrann, Melissa H. Maxman, Samuel Goldblatt, Sarah E. Diedrich
Ambro

Summary

The U.S. Court of Appeals, 3rd Circuit, reversed a lower court’s award of lost profits in this breach of contract action because damages were improperly assessed beyond the duration of the contract.

See Also

Kirk Brisbin v. Superior Valve Company et al.

The U.S. Court of Appeals, 3rd Circuit, reversed a lower court’s award of lost profits in this breach of contract action because damages were improperly assessed beyond the duration of the contract.