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Market crash inadmissible to refute ‘lost profits’ (access required)

Published: December 12, 2012

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Defendants in a real estate development dispute could not introduce evidence of a post-breach crash in the real estate market to prove that the plaintiffs would not have profited from the parties’ contract, Maryland’s highest court has ruled in affirming judgment.

‘Lost profits’ expert excluded in breach-of-contract case (access required)

Published: December 6, 2012

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An expert could not testify that a plaintiff would have been “extraordinarily successful” had the defendant not breached the parties’ contract in support of a claim for over $1 billion in “lost profits” damages, the California Supreme Court has ruled.



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