Lost Profits Must Be Net Profits Not Gross Profits

Business Valuation Update BVLaw
Legal and Court Case Update
April 11, 2003
2299 Textile Goods, NEC
313220 Narrow Fabric Mills and Schiffli Machine Embroidery
contract
breach of contract, economic damages & lost profits

Embroidery Industries, Inc. v. LCI Laundry, Inc.
No. B153106 (Cal. App. 2 Dist. 2003), unpublished
US
State Court
California
Court of Appeal, 2nd District
Elias Aziz-Lavi, CPA

Summary

The California Court of Appeal, 2nd District, reversed a jury's award of damages in this breach of an implied contract case.

See Also

Embroidery Industries, Inc. v. LCI Laundry, Inc.

The California Court of Appeal, 2nd District, reversed a jury's award of damages in this breach of an implied contract case.