Robert Cornell v. T. V. Development Corp.

Summary

The New York Court of Appeals reversed the Appellate Division and remanded for a new trial on damages, holding that the plaintiff is an aggrieved party entitled to appeal and that damages for wrongful discharge should be measured as the present value of the contract salary for the remainder of the term, reduced by earnings actually received or reasonably expected from his newly formed corporation; the dissent argued for a larger award based on the unexpired contract term.