Falic v. Legg Mason Wood Walker, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that individual owners were not proper parties to bring suit for lost business caused by alleged defamation because lost business was harm to the company
• defining special damages as “actual, out of pocket losses which must be proven by specific evidence as to the time, cause and amount”
• stating that “[s]pecial damages are actual, out of pocket losses”
• “Plaintiffs have not alleged that they sold their shares in Duty Free at a loss. Thus, Plaintiffs’ mere allegation that the value of their stock in Duty Free (via their interest in DFA Holdings) depreciated does not constitute a realized loss required for special damages.”

Source: CourtListener parenthetical corpus (CC0).