Lost Profits May Not Be Awarded as Exemplary Damages

Business Valuation Update BVLaw
Legal and Court Case Update
June 12, 2003

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (741 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
3569 General Industrial Machinery and Equipment, NEC
335999 All Other Miscellaneous Electrical Equipment and Component Manufacturing
economic damages & lost profits
damages, lost profits, reasonable certainty
Technology Recycling Corp. v. Woodward-Manchester Corp.
No. 231312 (Mich. App. 2003), unpublished
US
State Court
Michigan
Court of Appeals
Rodney Crawford <br> John McCullogh, CPA <br>
Per Curiam

Summary

The Michigan Court of Appeals reversed a trial court's award for exemplary damages, which roughly equated Technology Recycling's lost profits estimate, because lost profits may not be awarded as exemplary damages but may be awarded as compensatory damages.

See Also

Technology Recycling Corp. v. Woodward-Manchester Corp.

Full Text of Court Cases
June 12, 2003

The Michigan Court of Appeals reversed a trial court's award for exemplary damages, which roughly equated Technology Recycling's lost profits estimate, because lost profits may not be awarded as exemplary damages but may be awarded as compensatory damages.