Lian Skaf | The Subrogation Strategist The economic loss doctrine (ELD) has been a thorn in the side of subrogation practitioners for some time. Particularly in states that enforce it strictly, an adverse ruling based on the doctrine can sometimes be an unexpected pull of the rug from under what would otherwise be a strong… Continue reading Nevada’s Economic Loss Doctrine: Contract Over Tort
Tag: Economic Loss Doctrine
Choosing the Appropriate Approach for Loss Assessments
Crosby MacDonald, Nikola Stambolic, Pascale Leymin and Adrian Girach | BRG This article is an extract from Lexology In-Depth: Investment Treaty Arbitration – Edition 10. Click here for the full guide. Introduction Economic losses caused by a wrongful action can take many forms. As the first step towards claiming compensation for a loss, a claimant will normally… Continue reading Choosing the Appropriate Approach for Loss Assessments
Risks of Exposure to Tort Claims Vary by State: Know Your Rights Before You Sign That Construction Agreement
Robert J. Golterman, Jeremy P. Brummond and Patrick F. Ganninger | Lewis Rice Parties negotiating construction agreements often think about the types of damages either party may claim if the other party breaches the agreement. Many times, however, the parties do not consider other damages that may be available under state law tort theories (such… Continue reading Risks of Exposure to Tort Claims Vary by State: Know Your Rights Before You Sign That Construction Agreement
Drawing the Line: In Tennessee, the Economic Loss Doctrine Does Not Apply to Contracts for Services
Gus Sara | The Subrogation Strategist In Commercial Painting Co. v. Weitz Co. LLC, No. W2019-02089-SC-R11-CV, 2023 Tenn. LEXIS 39 (Weitz), the Supreme Court of Tennessee (Supreme Court) considered whether the economic loss doctrine barred the plaintiff’s claims for fraud, negligent misrepresentation and punitive damages arising out of a contract with the defendant for construction services.… Continue reading Drawing the Line: In Tennessee, the Economic Loss Doctrine Does Not Apply to Contracts for Services
Tennessee Supreme Court Holds Economic Loss Doctrine Does Not Apply to Construction Services Contracts
Emma Wolfe and M. Ryder Lee | K&L Gates On 28 September 2023, the Tennessee Supreme Court held that the economic loss doctrine (ELD) “only applies in products liability cases and should not be extended to other claims.” After years of confusion and guessing by the lower courts and federal district courts in the state,… Continue reading Tennessee Supreme Court Holds Economic Loss Doctrine Does Not Apply to Construction Services Contracts