Civil procedure — damages, end-of-year net profits

Posted March 22, 2018 1:19 PM

Where the plaintiff is a professional corporation, compensation paid to the principals and shareholders tends to prove net profit and can be considered for the purpose of proving damages for lost profits.The 1st District Appellate Court reversed and remanded a decision from Cook County Circuit Judge Brigid Mary McGrath.Dr. Edward Atkins was a licensed anesthesiologist and the sole shareholder and officer of Edward Atkins M.D.S.C. Atkins’ corporation, formed in 1984, was a business created to allow Atkins to provide …

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