Exceptions to the Economic Loss Doctrine

Economic Loss Doctrine An economic loss refers to a financial loss and damages suffered by a person or entity, which arise from a defect in the qualitative nature of the product, service, or improvement that was bargained for. Generally, an economic loss is observed on assets (i.e., “the books”) rather...

Subrogation Against Political Subdivision

Buried in one of the Ohio Revised Code sections dealing with what is commonly referred to as “collateral benefits” is a bar to subrogation claims against political subdivisions. To recover damages for injury, death, or loss to person or property caused by an act or omission in connection with a...