[99] The trial judge refused to reduce the damages award on the basis that SS&C would have had to pay vendors for the data and would have paid sales commissions. On the former point, the trial judge relied on 1854329 Ontario Inc. v Cairo, 2022 ONCA 744, for the proposition that where a claimant may have an obligation to pass on part of a damages award to a third party, a court should not reduce a damages award for the contingent obligation. Regarding the commissions point, the trial judge found that BNY should not be entitled to a windfall in the form of a reduction in the amount that it would have otherwise been obligated to pay by deducting the notional commissions.
The author has waived all copyright and related or neighboring rights to this Isthatlegal.ca webpage.