Daily Archives: Wednesday, December 2, 2020

Posted: December 2, 2020

Lost Profits Damages Not Available for New Business

On November 17, 2020, Justice Cohen of the New York County Commercial Division issued a decision in Evemeta, LLC v. Siemens Convergence Creators Corp., 2020 NY Slip Op. 33827(U), holding that lost profits damages are not available for a new business, explaining: New York has a relatively demanding standard for an award of lost profits.... Read more »