Out-of-Pocket Approach Used to Measure Damages

Business Valuation Update BVLaw
Legal and Court Case Update
July 8, 2003

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Stonington Partners, Inc. v. Lernout & Hauspie Speech Products, N.V.
No. 18524-NC (Del. Chan. 2003)
US
State Court
Delaware
Court of Chancery
Jacobs

Summary

The Delaware Court of Chancery awarded damages using the out-of-pocket measure of losses, which Stonington suffered after Lernout & Hauspie restated its earnings following a stock-for-stock transaction in which Lernout acquired a subsidiary of Stonington.

See Also

Stonington Partners, Inc. v. Lernout & Hauspie Speech Products, N.V.

Full Text of Court Cases
July 8, 2003

The Delaware Court of Chancery awarded damages using the out-of-pocket measure of losses, which Stonington suffered after Lernout & Hauspie restated its earnings following a stock-for-stock transaction in which Lernout acquired a subsidiary of Stonington.