As the victim of tortious interference in Texas, there are different types of losses you may be able to recover.
Some of the damages that can be awarded for tortious interference in a business relationship include:
Financial Losses
A company that has been damaged by tortious interference can claim all the financial losses the business has documented resulting from the economic impact of the attack. This includes loss of existing profits, future contracts, and other economic benefits the plaintiff will no longer realize.
They may also request compensation for expected profits and benefits, which would not have been lost without interference from the third party. Because the lawsuit is brought under tort law, the plaintiff also has standing to demand relief for emotional distress damages to address the owners’ concerns and mental anguish.
Finally, the affected business should seek compensation for the damage inflicted to its reputation, community standing, customer goodwill, and credit rating.
Future Profit Loss
In situations where the business interference results in a significant decrease in anticipated profits, the plaintiff can request restitution. This may include incidents where the interfering party defamed the claimant’s business or products or involve the claimant receiving other contracts that were then not honored or paid for work performed as a result of the interference.
Punitive Damages
Punitive damages are intended to harshly punish particularly egregious acts of interference or those carried out with malice. Not only are these damages meant to have a substantial financial impact on the liable party, but they serve as a warning to others who may consider engaging in similar actions.
If you have questions about tortious interference damages, contact the Houston commercial litigation attorneys at Feldman & Feldman today.