THJ Systems Limited & Anor v Daniel Sheridan & Anor

THJ Systems Limited & Anor v Daniel Sheridan & Anor

Claimants proved entitlement to damages for loss of profits resulting from defendants' advertising breaches, calculated at £3,358,079.86 based on reasonable assumptions and expert audit, with adjustments for time period and market factors. Claims for lost management time, copyright infringement damages, and additional damages failed due to insufficient, speculative, or unsupported evidence and lack of credible basis for underlying assumptions.

Parties
Claimant: THJ Systems Limited; Claimant: OptionNet LLP; Defendant: Daniel Sheridan; Defendant: Sheridan Options Mentoring Corporation
Jurisdiction
England and Wales
Judgment Date
16 December 2024
Procedural Posture
Civil (contract/intellectual Property) / Assessment of Damages Following Liability Judgment and Appeal
Outcome
Claim for damages for advertising breaches allowed in part; claims for lost management time, copyright infringement, and additional damages dismissed.
Legal Topics
Breach of Contract, Copyright Infringement, Damages Assessment, Debarring Orders, Lost Management Time, Additional Damages
Contract Law Intellectual Property Law Breach of Contract Copyright Infringement Damages Assessment Debarring Orders Lost Management Time Additional Damages

Case Brief

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Parties

THJ Systems Limited

Claimant

OptionNet LLP

Claimant

Daniel Sheridan

Defendant

Sheridan Options Mentoring Corporation

Defendant

Procedural Posture

Civil (contract/intellectual Property) / Assessment of Damages Following Liability Judgment and Appeal

Legal Issues

  1. 1 Assessment of damages for breach of advertising obligations under LLP Agreement
  2. 2 Assessment of damages for copyright infringement of Risk and Price Charts
  3. 3 Entitlement to additional damages under section 97(2) CDPA

Ratio Decidendi

Claimants proved entitlement to damages for loss of profits resulting from defendants' advertising breaches, calculated at £3,358,079.86 based on reasonable assumptions and expert audit, with adjustments for time period and market factors. Claims for lost management time, copyright infringement damages, and additional damages failed due to insufficient, speculative, or unsupported evidence and lack of credible basis for underlying assumptions.

Court Disposition

Claim for damages for advertising breaches allowed in part; claims for lost management time, copyright infringement, and additional damages dismissed.

Orders

  • Defendants to pay claimants £3,358,079.86 as damages for advertising breaches.
  • No award for lost management time.