Two Economic Damages Cases Dismissed for Lack of Reliable Valuation Evidence

Business Valuation UpdateVol. 13 No. 4
Legal and Court Case Update
April 2007
securities litigation
economic damages & lost profits

Gordon Partners v. Blumenthal
2007 U.S. Dist. LEXIS 9110
February 9, 2007
US
Federal Court
New York
United States District Court
Dr. Denise Neumann Martin (defendants)
Peck

Summary

As Nancy Fannon explained in her BVU article last month, “What Every Valuation Expert Needs to Know to Prepare a Lost Profits Calculation,” courts have “set the bar high for opinion evidence offered by the damages expert, rejecting speculative and problematic testimony."

See Also

Gordon Partners v. Blumenthal

Hedge fund unable to prove damages from securities fraud without an expert analysis of market conditions and effect of public information on stock prices.