Economic / Commercial Damages
Economic and commercial damages arise out of a variety of circumstances. Just a few practice areas that we have been engaged in includes personal injury, business disputes, domestic and international commercial sales contracts, and wage and hour claims.
Most recently we were engaged by two Asian firms to calculate the damages suffered as a result of the cancellation of a contract by an American firm. We were also tasked with the responsibility of analyzing the opposing expert’s report, which our analysis found was fundamentally flawed. Our findings were critical in the undermining of the opposing expert’s conclusions.
Preparing economic damages estimates is as much an art as a science. A damages expert needs skill, experience, and logic to gather and correctly interpret the financial and statistical data, discard the inappropriate material, and apply the correct analysis to the facts of the case. It may also be necessary for the expert to critically analyze the report of the opposing expert, and in due course, explain and defend their own opinions.
We have served as damages experts during arbitration, at various hearings, for depositions and at trial literally hundreds of times. Our combined decades of education, training and experience make us uniquely qualified to serve as your damages expert.
Aside from commercial damages, financial damages can arise from a variety of circumstances such as from physical injuries caused by an accident, theft of assets such as embezzlement, loss of a job or wrongful termination, business interruption, theft and many other circumstances. The losses suffered can include calculations of past and future damages for such things as wages and benefits, business profits, medical expenses, interest, and vocational training, and calculation of the present value of the losses.
Our experience includes serving as a damages expert in both state and federal cases and for plaintiffs as well as defendants. We have served and testified as a damages expert in California and Florida.
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