Former Medical Practice Owner Fails To Comply With Settlement Terms

Case Overview

This case involves a plaintiff plastic surgeon who lost wages after being terminated from a plastic surgery practice. The plaintiff ran several offices in the Los Angeles area that made up his practice and owned the commercial properties that housed each office. The practice generated over $15 million per year in income. The plaintiff then sold his practices to the defendant. As part of the sale, the plaintiff was to act as the landlord for the defendant and continue on as a plastic surgeon for several years. Following the sale, a dispute broke out and the plaintiff was terminated from the practice. A lawsuit ensued and as per the settlement, the offices were to be returned to plaintiff. The defendant was required to vacate the properties by a certain date but did not vacate until almost 2 months later. During this period, the plaintiff was without work. A business valuation expert was sought to determine the damages and lost profits the plaintiff incurred based on past data and industry accepted profit/loss analysis.