Court Adjusts Discount Rate to Reflect Current Economic Risks
Bankruptcy case discusses downward adjustment to discount rate used in calculation of lost profits damages to account for current market disruptions and risk.
Miller Bros. Coal v. Consol of Kentucky, Inc.
Bankruptcy case discusses downward adjustment to discount rate used in calculation of lost profits damages to account for current market disruptions and risk.
Amount in Controversy Must Not Be Speculative
The U.S. District Court for the Eastern District of Pennsylvania determined that the amount in controversy had not exceeded the $75,000 requirement for federal jurisdiction.