Recovering Lost Profits In Real Estate Transactions
Real Estate Quarterly Supplement to the Daily Journal (April 27, 2011)
This article discusses the recent Greenwich decision which has opened the door to the recovery of lost profits, but just slightly. As explained in the article, “Aggrieved investors should seek lost profits, but need to be mindful that courts are still skeptical of lost profits damages and will not allow them where even remotely uncertain or speculative.”