Owner’s Testimony of Prospective Gross Sales Is Insufficient to Establish Lost Profits

Business Valuation Update BVLaw
Legal and Court Case Update
June 1, 2005

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2833 Medicinal Chemicals and Botanical Products
325411 Medicinal and Botanical Manufacturing
fraud
Designing Health, Inc. v. Udo Erasumus
No. 03-1438 (5th Cir. 2005), unpublished
US
Federal Court
Federal Circuit
United States Court of Appeals
Schall

Summary

The U.S. Court of Appeals for the Federal Circuit considered a jury’s award in this fraud action involving an agreement to distribute human nutritional supplements.

See Also

Designing Health, Inc. v. Udo Erasmus

Full Text of Court Cases
June 1, 2005

The U.S. Court of Appeals for the Federal Circuit considered a jury’s award in this fraud action involving an agreement to distribute human nutritional supplements. The court rejected a damage calculation based on the benefit-of-the-bargain measure as mat ...