Lost Profits of S Corporation Recoverable as Lost Earning Capacity in Personal Injury Action

Business Valuation Update BVLaw
Legal and Court Case Update
March 16, 2006

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economic damages & lost profits
damages, lost profits, economic damages & lost profits
Scott E. Bova v. Theaodis Gary, Jr.
No. 49A02-0505-CV-00385 (Ind. App. 2006)
US
State Court
Indiana
Court of Appeals
Ian W. Thompson, Kenneth P. Reese, Ronald W. Frazier, Shannon L. Logsdon
Baker

Summary

The Indiana Court of Appeals determined that the trial court may permit the recovery of lost profits from an S corporation as lost earnings capacity damages resulting from the injuries its sole shareholder and prime mover experienced in an automobile accident.

See Also

Scott E. Bova v. Theaodis Gary, Jr.

Full Text of Court Cases
March 16, 2006

The Indiana Court of Appeals determined that the trial court may permit the recovery of lost profits from an S corporation as lost earnings capacity damages resulting from the injuries its sole shareholder and prime mover experienced in an automobile accident.