Penncro Associates, Inc. v. Sprint Spectrum, L.P.

GORSUCH, Circuit Judge.

Sprint Spectrum, L.P., does not dispute that it breached its contract with its former bill collector, Penncro Associates, Inc. Still, it offers two reasons why, in its view, the district court’s judgment for Penncro in excess of $17 million should be reversed. First, Sprint argues that the parties’ agreement precludes the sort of damages Penncro seeks. In their contract, the parties agreed to forego “consequential damages,” and Sprint urges us to find that the term, as defined by the parties’s agreement, includes any and all “lost profits”— whether flowing directly or…