§6611 Damages in tort claims

Summary

Stops most people in Y2K tort lawsuits from getting money for economic losses unless one of two things is true. The rule does not apply to intentional wrongs that are not based on a contract. You can get economic-loss money only if (1) your contract with the other party says you can; or (2) the losses came directly from damage to tangible personal or real property caused by the Y2K failure, but not if the damaged property is the subject of a contract between the parties or, if there is no contract, if only the failed property itself was damaged. For this rule only, and unless a valid written contract between the parties says otherwise, “economic loss” means money awarded for any loss and includes (1) lost profits or sales; (2) business interruption; (3) indirect losses from the defendant’s wrongful act or omission; (4) losses from third-party claims; (5) losses that must be pleaded as special damages; and (6) consequential damages as defined by the Uniform Commercial Code or similar state law. If someone had to pay damages in a civil case that this chapter does not cover because of section 6603(c), and those payments are caused by a Y2K failure, that person may still use any federal or state legal remedies against the party responsible to recover those amounts.