General Electric Co. v. Lowe's Home Centers, Inc.

How courts have described this case

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

• holding that the economic loss rule \avoids the unfairness to defendants that would come with duplicative liability for the same damage.\
• noting that the economic loss rule is intended to prevent “duplicative liability [to multiple parties and non-parties] for the same damage”
• applying economic loss rule to preclude suit for lost profits when land development contract for business expansion cancelled due to alleged contamination by defendant of adjacent non-owned property needed for expansion
• “The ‘economic loss rule’ generally provides that a contracting party who suffers purely economic losses must seek his remedy in contract and not in tort.”
• economic loss rule “avoids the unfairness to defendants that would come with duplicative liability for the same damage”
• “The ‘economic loss rule’ generally provides that a contracting party who suffers purely economic losses must seek his remedy in contract and not in tort.”

Source: CourtListener parenthetical corpus (CC0).