Easterbrook confirms the “gold standard” of valuation

Description

Abstract: Many legal issues revolve around business valuation, including damages calculations in commercial litigation. In one recent case, Seventh Circuit Court of Appeals Chief Judge Frank Easterbrook turned to what he called the “gold standard of valuation” to help determine damages for plaintiffs who were deprived of their stakes in a business. This article explains what the judge, vacating the district court’s judgment, found wrong with that court’s opinion.