Plastic Products Miscellaneous Manufacturing
This industry comprises establishments primarily engaged in manufacturing plastics plumbing fixtures and other plastics products (except film, sheet, bags, profile shapes, pipes, pipe fittings, laminates, foam products, bottles, and hoses).
In re Marriage of Marasco
This case was an appeal of an Iowa marital dissolution decree. The husband on appeal argued the value the wife’s expert determined was too high and should not have been relied on. The appellate court noted that part of the reason the trial court used the wife’s expert’s appraisal was that the business was able to obtain a $10 million loan during the time of the valuation. Additionally, the appellate court affirmed that the entire value of the business was community property.
Iowa Court of Appeals Affirms Value of Husband’s Business Determined by Wife’s Expert and Includes Total Value as Marital Property
This case was an appeal of an Iowa marital dissolution decree. The husband on appeal argued the value the wife’s expert determined was too high and should not have been relied on. The appellate court noted that part of the reason the trial court used the wife’s expert’s appraisal was that the business was able to obtain a $10 million loan during the time of the valuation. Additionally, the appellate court affirmed that the entire value of the business was community property.
No ‘Circular Reasoning’ in Expert’s Lost Profits Calculation
Appeals court upholds lost profits award, finding expert’s damages model was admissible under Daubert; market survey was only one of “competing principles or methods” to gather facts on sales, and failure to use it does not make opinion per se unreliable.
No ‘Circular Reasoning’ in Expert’s Lost Profits Calculation
Appeals court upholds lost profits award, finding expert’s damages model was admissible under Daubert; market survey was only one of “competing principles or methods” to gather facts on sales, and failure to use it does not make opinion per se unreliable.
Packgen v. Berry Plastics Corp. (II)
Appeals court upholds lost profits award, finding expert’s damages model was admissible under Daubert; market survey was only one of “competing principles or methods” to gather facts on sales, and failure to use it does not make opinion per se unreliable.
Court Emphasizes Benefit of Hindsight in Evaluating Loss Period
Court finds business valuator is qualified under Daubert to proffer lost profits calculation relying on statistics methods and says expert’s loss period is not a mere “guess” because hindsight reduces years of uncertainty as to relevant market conditions.
Packgen v. Berry Plastics Corp. (I)
Court finds business valuator is qualified under Daubert to proffer lost profits calculation relying on statistics methods and says expert’s loss period is not a mere “guess” because hindsight reduces years of uncertainty as to relevant market conditions.
Expert Testimony Should Have Been Obtained to Establish New Business’s Damages
The South Carolina Court of Appeals affirmed the exclusion of testimony on damages from the owner of a new business.
Court Determines Value of Cashless Stock Options; Illusory Dividend Not Deducted From FMV
In this contract dispute, the principal valuation issue was the value of stock options that Colmen Capital Advisors Inc. (Colmen), had received for 20% of the common stock in Polpart Placements Inc. (Polpart) and Polar Plastics Inc. (PPI) in exchange for Colmen's turnaround work related to these and affiliated companies.
Colmen Capital Advisors, Inc. v. Polar Plastics, Inc.
In this contract dispute, the principal valuation issue was the value of stock options that Colmen Capital Advisors Inc. had received for 20% of the common stock in Polpart Placements Inc. and Polar Plastics Inc. in exchange for Colmen's turnaround work related to these and affiliated companies.
Lost Profits Award Remanded for Exclusion of Losses Occurring After the Liability Period
The Nevada Supreme Court remanded a calculation of lost profits for exclusion of losses outside of the liability period determined by the lower court in this misappropriation of a trade secret case. Johnson's expert calculated lost sales of gaming cards ...
Michelle Frantz, et al. v. Charles R. Johnson
The Nevada Supreme Court remanded a calculation of lost profits for exclusion of losses outside of the liability period determined by the lower court in this misappropriation of a trade secret case. Johnson's expert calculated lost sales of gaming cards ...
Indra Ozolnieks-Burnell v. Steve Burnell
The Washington Court of Appeals, Division I ruled that a business concept for the manufacture of a synthetic cork conceived during the marriage, but not disclosed as an asset of the marriage was not an asset of value. It determined that the husband was no ...
Failure to Present Expert Testimony Regarding the Value of a Business Concept Resulted in Dismissal
The Washington Court of Appeals, Division I ruled that a business concept for the manufacture of a synthetic cork conceived during the marriage, but not disclosed as an asset of the marriage was not an asset of value.
Don McClaran v. Plastic Industries, Inc.
The Ninth Circuit reversed and remanded McClaran's damage award for breach of contract and trademark infringement regarding McClaran's kayak. The Ninth Circuit found the lost profits award speculative because it was based on projected sales of McClaran's ...
Business’s Lack of Track Record Renders Lost Profits Claim Speculative
The Ninth Circuit reversed and remanded McClaran's damage award for breach of contract and trademark infringement regarding McClaran's kayak. The 9th Circuit found the lost profits award speculative because it was based on projected sales of McClaran's ...