Damages For Tort Of Conversion
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FAQ
The exact measure of compensation due to a plaintiff whose goods have been wrongfully converted may be merely nominal if the wrong is technical and the defendant can return the goods; it may be limited to the actual damage where the goods can be returned, but the wrong is substantial; but in ordinary cases it is the ...
A plaintiff is entitled to damages equal to the full value of the chattel at the time and place of conversion. The measure of damages in conversion is the fair market value of the property at the time and place of the conversion.
These damages are intended to compensate the owner for any losses that resulted from the conversion, including the value of the property itself, any costs associated with recovering the property, and any other damages that resulted from the conversion.
Generally, punitive damages may be allowed when the conversion involves elements of fraud, ill will, malice, recklessness, wantonness, oppression, insult, willful, conscious disregard of the plaintiff's rights, or other aggravating circumstances[xii].
Additionally, monetary damages may be requested to compensate the plaintiff for any losses suffered as a result of the conversion, such as the market value of the property at the time of conversion or any lost profits.