Winchell v. Schiff

OPINION

By the Court,

Douglas, J.:

In this appeal and cross-appeal, we primarily consider whether actual losses resulting from the conversion of inventory include the value of a lost business. We conclude that full recovery for actual losses includes not only the converted inventory, but also resulting damages such as the value of a lost business.

FACTS

Appellant/cross-respondent Calvin Winchell, d/b/a CGL Seafood, Inc., owned and operated a wholesale fresh fish business in Las Vegas, Nevada. Winchell’s business grew from $36,780 in sales in 1996 to $759,711 in 2000. With such dramatic growth, *942Winc…