Market crash inadmissible to refute ‘lost profits’ 
Published: December 12, 2012
Tags: breach of contract, lost profits
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
Published: December 6, 2012
Tags: breach of contract, expert witness, lost profits
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.
