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Adding up the damage

Thursday, January 29, 2015 @ 7:00 PM | By Ephraim Stulberg

When a business is destroyed as a result of wrongdoing, there are two commonly used methods by which the plaintiff’s damages may be measured. One method is to appraise the value of the plaintiff’s business at the date of loss; the loss to the plaintiff is the amount that the plaintiff could have sold the business for at the date of the loss. Another method is to calculate the plaintiff’s annual loss of profits.

Under the business valuation method, the remedy applied is to have the...