Majority: Court Erred In Awarding Lost Profits Based On Buyback Deadline Extension

(August 10, 2018, 11:30 AM EDT) -- RICHMOND, Va. — A majority of the Fourth Circuit U.S. Court of Appeals on Aug. 8 found that a lower court erred when it determined that tax preparation franchisees were entitled to lost profits based on the purported extension of the buyback deadline of a purchase and sale agreement (PSA), vacating and remanding in part (JTH Tax, Inc., d/b/a Liberty Tax Service, et al. v. Gregory Aime, et al., Nos. 17-1859 and 17-1905, 4th Cir., 2018 U.S. App. LEXIS 22053)....

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