Lost Profits Should Be Calculated as Net Profits

Business Valuation Update BVLaw
Legal and Court Case Update
February 5, 2004

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fraud
F.S. New Products, Inc., et al. v. Strong Industries, Inc.
No. 01-01-00086-CV (Tex. App. 1 Dist. [Houston] 2004)
US
State Court
Texas
Court of Appeals
Phillip Levin, CPA <br>
Higley

Summary

The Texas Court of Appeals, 1st District, affirmed a jury’s award of damages in this fraud action.

See Also

F.S. New Products, Inc., et al. v. Strong Industries, Inc.

Full Text of Court Cases
February 5, 2004

The Texas Court of Appeals, First District affirmed a jury’s award of damages in this fraud action. The award was based on the gross margin of sales of a similar product to that produced by Strong Industries. The appellate court acknowledged that fraud da ...