A.C. Vaccaro, Inc. v. Vaccaro

This appeal presents issues generated by the sale of a small business. The buyers and sellers were familiar with the local industry and each other. After the sale, the disappointing performance of the business cast doubt upon the integrity of the parties’ negotiations and set in motion the following dispute. The resulting issues include the evidentiary use of a party’s failure to file Federal income tax returns, the permissible approximation of compensatory damages, and the reasonableness of the amount of an award of attorney’s fees.

Background. The following facts developed as undisputed or…