Opinions – 1/17/12: 4th U.S. Circuit Court of Appeals 

Posted: 5:24 pm Mon, January 16, 2012
By Daily Record Staff

Admiralty Law Constructive loss BOTTOM LINE: Where plaintiffs’ yacht was damaged following an allision with an army vessel, doctrine of constructive loss applied to limit plaintiffs’ awardable damages to the market cost of the yacht, because the cost of repairing the yacht exceeded the yacht’s pre-casualty fair market value and plaintiffs did not prove that their use ...