Tri-State Systems, Inc. v. Village Outlet Stores, Inc.

How courts have described this case

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

• “In general, unless . . . lost profits are capable of definite ascertainment, and are traceable directly to the acts of the other party, they are not recoverable”
• claim for lost profits must be supported by specific facts and supporting data
• assertion by company’s president that his business was damaged in the amount of $40,000 was “without value in the absence of any records or statements reflecting the store’s previous and present profits or losses”
• Witness’s assertion that his business was damaged in the amount of $40,000 was without value in the absence of statements or records reflecting the business’s previous and present profits or losses.
• a “bold assertion” by a business owner as to the amount of lost profits has no evidentiary value “in the absence of any records or statements reflecting the store’s previous and present profits or losses”
• a “bold assertion” by a business owner as to the amount of lost profits has no evidentiary value “in the absence of any records or statements reflecting the store’s previous and present profits or losses”

Source: CourtListener parenthetical corpus (CC0).