This article presents the legal framework for computation of economic damages in the Commonwealth of Virginia. Attention is given to the case law and statutory provisions governing damages for personal injury and wrongful death actions. The categories of damages are reviewed with specific consideration given to Virginia law's limited judicial precedent, conservative tort law, and evidentiary requirements for admissibility of expert testimony to establish economic loss. Included in the discussion is an analysis of law controlling the establishment of future losses.Abstract
Contributor Notes
*Respectively, Professor of Finance, Professor Emeritus of Economics, and Associate Professor of Finance, at Old Dominion University.
Authors wish to thank the series editors and the anonymous referees for extensive comments and suggestions which have added immensely to the paper.