People Express Airlines, Inc. v. Consolidated Rail Corp.
New Jersey Supreme Court
495 A.2d 107 (1985)
Relevant factsFree
A hazardous chemical leaking from a Consolidated Rail tank car caused a fire that forced closure of Newark Airport's North Terminal for twelve hours, causing People Express purely economic losses from business delays without any property damage or personal injury, and the trial court had granted summary judgment for Consolidated on the theory that purely economic losses are unrecoverable absent physical harm.
IssueFree
Whether a plaintiff has a tort action for a defendant's negligent interference with the plaintiff's prospective advantage which results in purely economic losses unaccompanied by property damage or personal injury.