Triumph Controls - UK Ltd and another company v Primus International Holding Company and other companies

Company – Shares. The defendant company was in breach of warranty in a share purchase agreement (the SPA) in that it had failed to prepare the forward looking projects with care. Accordingly, the Technology and Construction Court, allowed the claimant company's claim for breach of certain warranties, and held that it was entitled to damages based on the difference between the purchase price agreed on the assumption of the Long Range Plan (the LRP) and what the price would have been, using the same method of calculation, if the properly adjusted LRP had been made, subject to the contractual cap of $15m.

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