Lost Profits Recoverable When Business’ Assets Are Converted

Business Valuation Update BVLaw
Legal and Court Case Update
September 8, 1997
3999 Manufacturing Industries, NEC
339999 All Other Miscellaneous Manufacturing
economic damages & lost profits

Coy N. Haraway and Redwing Technical Systems v. William C. Burnett
1997 Tenn. App. LEXIS 611
US
State Court
Tennessee
Court of Appeals

Summary

The Tennessee Court of Appeals reversed the lower court and found that the company could recover lost profits when its assets were converted. After Haraway failed to make payments under the buy-sell agreement, Burnett took possession of the collateral ...

See Also

Coy N. Haraway and Redwing Technical Systems v. William C. Burnett

The Tennessee Court of Appeals reversed the lower court and found that the company could recover lost profits when its assets were converted. After Haraway failed to make payments under the buy-sell agreement, Burnett took possession of the collateral ...