National Average Wage Growth Statistic Inappropriate Proxy for Growth in Net Gross Profits in Particular Industry in Particular Region

Business Valuation Update BVLaw
Legal and Court Case Update
April 19, 2005

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Business Machines Sales and Service, Inc. v. Robert E. Murphy
No. A04-1154 (Minn. App. 2005), unpublished
US
State Court
Minnesota
Court of Appeals
Andrew S. Birrell, Bruce A. Finzen, David L. Mitchell, John P. Morgan, R. Travis Snider
Kenneth HIrschey
Peterson

Summary

The Minnesota Court of Appeals reversed a lost profits award in this breach of a consulting agreement matter because the expert used the national average annual real wage growth for the United States business sector as a proxy for growth in sales of a particular region or industry.

See Also

Business Machines Sales and Service, Inc. v. Robert E. Murphy

Full Text of Court Cases
April 19, 2005

The Minnesota Court of Appeals reversed a lost profits award in this breach of a consulting agreement matter because the expert used the national average annual real wage growth for the United States business sector as a proxy for growth in sales of a particular region or industry.

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The Comprehensive Guide to Economic Damages, Seventh Edition