Non-profit corporations can claim damages for lost business opportunities, just as for-profit corporations can, a New York appellate court ruled in a case of first impression. A unanimous panel said that since non-profits receive income, they can suffer lost opportunities to gain income. And if those lost opportunities can be connected to a defendant's wrongdoing, they are recoverable in court.
May 09, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Non-profit corporations can claim damages for lost business opportunities, just as for-profit corporations can, New York’s Appellate Division, First Department, ruled Tuesday in a case of first impression.
A unanimous panel of four justices, led by Justice Ernst H. Rosenberger, said that since non-profits receive income, they can suffer lost opportunities to gain income.
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