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Tag Archives: Missouri Supreme Court

Lost profits can be recouped for unusual vehicles, court rules

Owners of an unusual commercial vehicle are entitled to lost profits for loss of use and replacement costs of the vehicle when it is damaged in a wreck, said the Missouri Supreme Court on Tuesday. The Supreme Court affirmed a trial court's award of $201,000 to Gateway Foam Insulators Inc. for the loss of profits, replacement cost and environmental cleanup costs, associated with the wreck of its specialized foam insulation installation truck. The court only reversed an $11,723 award for loan interest.

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Venue by amendment argued

A judge's discretion to change the venue of a lawsuit in a Louisiana train accident was at issue Wednesday before the Missouri Supreme Court. In June 2007, a train owned by the Kansas City Southern Railroad Co. (headquarters pictured) slammed into a car in Louisiana. In the aftermath of the accident, an injured passenger and the family of a woman who died filed a lawsuit in Jackson County against the railway. The company is fighting a move to keep the lawsuit in Jackson County, saying venue is proper in St. Louis County, where the company’s registered agent resides.

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