2nd Circuit Affirms Nixing of Award Due to Bad Yardstick Analysis
Appeals court validates nixing of future lost profits award where expert calculated damages for a startup company based on revenues of market leader; court finds expert failed to use reasonable comparator, making his yardstick analysis legally unsound.
Washington v. Kellwood Co. (IV)
Appeals court validates nixing of future lost profits award where expert calculated damages for a startup company based on revenues of market leader; court finds expert failed to use reasonable comparator, making his yardstick analysis legally unsound.
Court Sets Aside Big Lost Profits Award Based on Bad Yardstick Analysis
Court strikes down multimillion-dollar lost profits award, finding it was based on expert testimony that was “sheer surmise and conjecture”; using yardstick method, expert claimed upstart company would have achieved 50% of sales of market leader.
Court Sets Aside Big Lost Profits Award Based on Bad Yardstick Analysis
Court reconsiders earlier order for retrial on lost value damages, finding plaintiffs “had no intention of pursuing a realistic damages award” and lack admissible evidence supporting multimillion-dollar value claims; instead, court awards one dollar.
Court Sets Aside Big Lost Profits Award Based on Bad Yardstick Analysis
Court reconsiders earlier order for retrial on lost value damages, finding plaintiffs “had no intention of pursuing a realistic damages award” and lack admissible evidence supporting multimillion-dollar value claims; instead, court awards one dollar.
Washington v. Kellwood Co. (III)
Court reconsiders earlier order for retrial on lost value damages, finding plaintiffs “had no intention of pursuing a realistic damages award” and lack admissible evidence supporting multimillion-dollar value claims; instead, court awards one dollar.
Court Sets Aside Big Lost Profits Award Based on Bad Yardstick Analysis
Court strikes down multimillion-dollar lost profits award, finding it was based on expert testimony that was “sheer surmise and conjecture”; using yardstick method, expert claimed upstart company would have achieved 50% of sales of market leader.
Washington v. Kellwood Co. (II)
Court strikes down multimillion-dollar lost profits award, finding it was based on expert testimony that was “sheer surmise and conjecture”; using yardstick method, expert claimed upstart company would have achieved 50% of sales of market leader.
Daubert Allows for Generous View on Yardstick Analysis
Court rejects bright-line reliability test for yardstick analysis, saying expert’s failure to find a “nearly identical” comparator did not render analysis unreliable and inadmissible under Daubert and finding companies were similar in material respects.
Washington v. Kellwood Co. (I)
Court rejects bright-line reliability test for yardstick analysis, saying expert’s failure to find a “nearly identical” comparator did not render analysis unreliable and inadmissible under Daubert and finding companies were similar in material respects.
Valuation of Goodwill Based on One Biased Expert’s Testimony
The Ohio Court of Appeals, 10th District, affirmed the lower court’s valuation of goodwill in a metallurgy, machining, and fabrication business in this breach of fiduciary duty case.
WIlliam H. Davis v. Daira F. Davis
The Tennessee Court of Appeals affirmed the lower court’s valuation of the husband’s interest in a snap-out business forms company. The husband’s stock was subject to a buy-sell agreement. On appeal, he argued that the valuation accepted by the lower cour ...
Stock Redemption Agreement Should Be Considered But May Not Control the Value of the Interest
The Tennessee Court of Appeals affirmed the lower court’s valuation of the husband’s interest in a snap-out business forms company. The husband’s stock was subject to a buy-sell agreement. On appeal, he argued that the valuation accepted by the lower cour ...