A recent decision of the Alberta Court of Appeal has struck down a $1.6 million damages award to an investment advisor, for what was essentially characterized as the loss of a “book of business.” The Court found the damage award had “no basis in law,” and contained an element of double counting (in light of the reasonable notice award), so could not stand. (Merrill Lynch Canada Inc. v Kurt Soost, 2010 ABCA 251).