Low Budget Movie’s Lost Profits Are Speculative

Business Valuation Update BVLaw
Legal and Court Case Update
October 29, 2002
fraud

Streetscenes, et al. v. ITC Entertainment Group, Inc., et al.
No. B151505 (Cal. App. 2 Dist. 2002)
US
State Court
California
Court of Appeals
Munoz

Summary

The California Court of Appeals, 2nd District, reversed an award for damages stemming from ITC’s failure to produce low budget movie.

See Also

Streetscenes, et al. v. ITC Entertainment Group, Inc., et al.

The California Court of Appeals, Second District reversed an award for damages stemming from ITC’s failure to produce low budget movie. The court found the recovery of lost profits was too speculative based on the speculative nature of the film making in ...