Legal Opinion
Dennis McCrann Cross-Appellant v. United States Lines, Inc., Cross-Appellee
Court of Appeals for the Second Circuit
Decided October 20, 1986No. 177, 288, Dockets 86-7485, 86-7545PublishedCited by 49 opinions
1Opinion of the Court
IRVING R. KAUFMAN, Circuit Judge:
As any student of elementary economics knows, time has monetary value for some purposes. A dollar in hand today is worth more than a dollar to be paid a year from today, and a dollar a year from today is worth more than a dollar to be received in two years. This basic principle of finance is employed by courts daily in calculating appropriate damage awards, to ensure that parties receive neither an undeserved windfall nor an unfair penalty. Yet it is remarkable how basic economic concepts can become convoluted by the parties when large sums are at stake.
In the…
2Cases cited8 opinions
- Jones & Laughlin Steel Corp. v. PfeiferSupreme Court of the United States · 1983
- Moore-McCormack Lines, Inc. v. RichardsonCourt of Appeals for the Second Circuit · 1961
- Shu-Tao Lin v. McDonnell Douglas Corp.Court of Appeals for the Second Circuit · 1984
- Jack A. Doca and Fannie C. Doca v. Marina Mercante Nicaraguense, S.A. And Pittston Stevedoring Corp.Court of Appeals for the Second Circuit · 1980
- Dullard v. Berkeley Associates Co.Court of Appeals for the Second Circuit · 1979
3 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Woodling v. Garrett Corp.Court of Appeals for the Second Circuit · 1987
- Sam T. Coston v. Plitt Theatres, Inc.Court of Appeals for the Seventh Circuit · 1987
- Joseph Oliveri v. Delta Steamship Lines, Inc. And Crowley Maritime Corp., and Third-Party v. Midland-Ross Corporation, Third-PartyCourt of Appeals for the Second Circuit · 1988
- Willie Magee, Jr., Cross-Appellee v. United States Lines, Inc., Cross-AppellantCourt of Appeals for the Second Circuit · 1992
- Grace v. Corbis-SygmaCourt of Appeals for the Second Circuit · 2007
44 more not listed; retrieve them via the Exa API.