Economic Damages Expert

Litigation is frequently conveyed to court over a financial misfortune, regardless of whether it is an income loss, the cost of repairing or supplanting harmed property, the cost of medical treatment, or some other type of economic loss. The total monetary value given for compensation in such cases is the economic damage.

Due to the kind of cases involved in economic damage, an economic damages expert is needed in providing and rendering the right expertise. Such experts might be skilled in pensions, financial markets, or forecasting, financial modeling, public finance, probability, loss of earnings, earning capacity econometrics, business valuation, economic impact, data analysis, property valuation, pricing, or macroeconomics. A solid sense of business mastery is exceptionally needed in a case of economic damages; since a claim might be made that a business choice or lost opportunity brought about financial loss. It can be critical, for example, to have a specialist knowledgeable in licenses, as cases of patent encroachment or legitimacy can be the origin of potential litigation.

Extra economic damages may incorporate extortion, auditing, intellectual property, antitrust, royalties, trademarks, licensing, or contracts. Another case of economic damage would be the costs of accidents as well as the loss of wages because of a nonappearance from work. These sorts of circumstances would be remunerated in court if the case were decided in that individual's favor.

Forensic Group has a compelling history of joining the economic damages expert witness with customers, based on the necessities of their particular case. A sound basis of financial ability is exceptionally necessary for such circumstances due to the many details required for economic exchange.

The issue of economic damages can be a fundamental part of choosing whether to dispute or settle a case. There are several consulting firms, e.g., Verity Consulting's CPAs and Plante Moran's specialists which have experts with the specific ability and case experience to investigate difficult circumstances, help with disclosure and render reliable independent opinions. Their damage calculations depend on sound economic analysis and are bolstered by financial information and supporting documentation to improve either the offended party's or defendant’s claims.

The above consulting firms have specialists certified in financial forensics and have tremendous experience examining damaged of different types. These specialists are also financial and economic damages expert testifiers since they have a sworn declaration in government and state courts. Verity Consulting is knowledgeable in breaking down, announcing and testifying on economic damages regarding:

• Construction disputes
• Commercial economic damage analysis
• Impairment of financial assets
• Business interruption losses
• Contract breaches
• Cost recovery

Economic damages experts have tremendous experience dissecting financial and economic information regarding accounting malpractice breach of contract, merger and acquisition disputes, merger dealer termination, intellectual property infringement, merger and acquisition disputes, securities cases, and so on. Examples of their work include:

• Lost benefits and expanded expenses in many commercial disputes
• Reasonable royalties conclusion in many intellectual property disputes
• Industry damages calculations and evaluations identified with extortion, investment misrepresentation corporate raiding, account churning, and complex derivatives trading, class action shareholder suits, etc