Stock Valued at the Time of Conversion

Business Valuation Update BVLaw
Legal and Court Case Update
April 20, 1999

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3841 Surgical and Medical Instruments and Apparatus
339112 Surgical and Medical Instrument Manufacturing
economic damages & lost profits
John B. Fawcett v. Robert H. Heimbach
No. C7-98-1732 (Minn. App. 1999)
US
State Court
Minnesota
Court of Appeals
Halbrooks

Summary

The Minnesota Court of Appeals ruled that the appropriate measure of damages for conversion of stock in a falling market is the value of the stock at the time of the conversion rather than the replacement value of the stock (the New York Rule).

See Also

John B. Fawcett v. Robert H. Heimbach

Full Text of Court Cases
April 20, 1999

The Minnesota Court of Appeals ruled that the appropriate measure of damages for conversion of stock in a falling market is the value of the stock at the time of the conversion rather than the replacement value of the stock (the New York Rule).