Totaro, Duffy, Cannova and Company, L.L.C., a Limited Liability Company of the State of New Jersey…

Summary

The New Jersey Supreme Court affirmed the breach of contract liability of the accountant and the injunction restraining further solicitation, but reversed the trial court's damages award and remanded for entry of a judgment limited to the first‑year loss of $21,961.80 plus interest. The Court held that the solicitation letter was the proximate cause of the lost clients and that the trial court erred in multiplying that loss for the remaining years of the non‑solicitation agreement.