Lost Profits Must Be Based on Net Profits, Not Gross Profits
The California Court of Appeals, Fourth District, affirmed a lower court’s grant of a motion for a new trial on damages where it determined that the lost profits were computed using the wrong measure of damages because they were calculated using gross pro ...
Consulting Company’s Lost Profits Speculative When Based on Potential Earnings of an At-Will Employee
The U.S. Court of Appeals for the 5th Circuit determined that lost profits could not be recovered for breach of a no-hire provision in a consulting contract when the underlying consultant-employee servicing that contract was an at-will employee.
Blase Industries Corporation v. Anorad Corporation
The U.S. Court of Appeals for the 5th Circuit determined that lost profits could not be recovered for breach of a no-hire provision in a consulting contract when the underlying consultant-employee servicing that contract was an at-will employee.
Marc Z. Edell v. Paula Edell
The New Jersey Superior Court, Appellate Division affirmed the valuation of a law practice and the formula for determining the amount of the marital portion of contingency fee awards. The law firm was valued using an asset based approach, exclusive of goodwill.
Contingency Fee Formula and Law Firm Valuation Considered
The New Jersey Superior Court, Appellate Division affirmed the valuation of a law practice and the formula for determining the amount of the marital portion of contingency fee awards.
DP Solutions, Inc. v. Rollins, Inc., et al.
The U.S. Court of Appeals for the 5th Circuit considered an award of damages in this breach of contract action.