Court Opinion

ID: 9488371
Source: CourtListenerOpinion
Date Created: 2023-08-05 12:43:05.004238+00
Date Added: 2024-06-11T17:52:50.426223
License: Public Domain

MORRIS SHEPPARD ARNOLD, Circuit Judge,
concurring in the judgment.
I agree with all of the court’s opinion except that part of it that defines CPFs operating losses as consequential losses. They are not. They are evidence of the difference between the value of the capital asset that produced them and the price paid for it. In other words, a capitalization of the lost income stream produces the value of the loss of capital. Adding them in is therefore double counting.
I nevertheless concur because I think that the award is a close approximation of the difference between CPI’s initial investment (roughly $4,000,000) and the actual value of the franchise (roughly $3,250,000). I agree with the court that this verdict is well within the range of permissible verdicts and therefore concur in affirming the judgment.