Judge Finds Expert’s Use Of Discounted Cash Flow Method Valid To Opine On Damages
(August 29, 2016, 11:34 AM EDT) -- ORLANDO, Fla. — A financial adviser’s discounted cash flow method is appropriate to determine the lost damages in a telecommunications agreement, a Florida federal judge ruled Aug. 24, declining to exclude the adviser’s testimony (Local Access LLC and Blitz Telecom Consulting LLC v. Peerless Network Inc. v. Local Access LLC, No. 14-399, M.D. Fla.; 2016 U.S. Dist. LEXIS 112885).
(Order available. Document #30-160909-010R.)
Local Access LLC and Blitz Telecom Consulting LLC sued Peerless Network Inc., alleging that it tortiously interfering with a possible telecommunications deal and...