New Business Rule Defeats Lost Profits Award

Business Valuation Update BVLaw
Legal and Court Case Update
March 3, 1999

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3841 Surgical and Medical Instruments and Apparatus
339112 Surgical and Medical Instrument Manufacturing
fraud
Louis Dyll, et al. v. Robert Milligan, et al.
No. 97-11191 (5th Cir. 1999)
US
Federal Court
5th Circuit
United States Court of Appeals
Duhe, Jr.

Summary

The U.S Court of Appeals for the 5th Circuit reversed a jury's award of lost profits.

See Also

Louis Dyll, et al. v. Robert Milligan, et al.

Full Text of Court Cases
March 3, 1999

The U.S Court of Appeals for the Fifth Circuit reversed a jury's award of lost profits. The court found the award speculative because Dyll did not have a history of successfully producing and marketing technology (HIV detection technology, here).