Damages for lost profits of a new or unestablished business may be recoverable upon proper proof. A party shall not be deemed to have failed to prove lost profits because the new or unestablished business has no history of profits. Such damages for a new or unestablished business shall not be recoverable in wrongful death or personal injury actions other than actions for defamation.
Va. Code Ann. § 8.01-221.1
Unestablished business damages; lost profits
Applied in 1 court decision — leading case Station 2, L.L.C. v. Lynch (2008)
Most recently applied in Station 2, L.L.C. v. Lynch (April 2008)
2002, c. 624.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.