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Judge Bars Damages Expert From Testifying On Factors Of Asset Purchase Agreement

(September 7, 2016, 12:06 PM EDT) -- CHICAGO — A damages expert may not testify on whether a company would have reduced the value of an asset purchase agreement (APA) had it known about prior credits to alcohol beverage distributors and local marketing funds (LMF), an Illinois federal judge ruled Sept. 6, noting that the statements were speculative and subjective opinions (Luxco Inc. v. Jim Beam Brands Co., No. 14-0349, N.D. Ill.; 2016 U.S. Dist. LEXIS 119615).

(Memorandum opinion and order available. Document #30-160909-018Z.)

In March 2012, Jim Beam Brands Co., a producer...
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