Podcast – BPB Knows Economic Damages Claims
Posted on April 04, 2024 by Daniel Hughes
In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits.
In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits.
When my colleagues and I delivered a presentation to the Business Law Section of the Florida Bar about proving and defending claims of lost profits in commercial litigation matters, a Florida Judge asked a thought-provoking question: How many years of financial documents should a Plaintiff seeking economic damages be able to get (2 years, 3 […]
Victims of crimes, law enforcement and other interested parties often retain forensic accountants to investigate financial crimes. These professionals have specialized multidisciplinary skills necessary to identify financial crimes, analyze the financial transactions constituting the overt acts of these crimes, and provide expert testimony on the methodologies criminals use and the damages victims incur. The critical […]
A Pennsylvania judge recently vacated a plaintiff’s $25 million damages award based on the plaintiff’s expert failure to provide at trial “a sufficient factual basis” for the numbers he relied on for calculating lost profits. Although the judge in Paramount Financial: Civil Action Communications, et al. v. Broadridge investor: Communications Solutions agreed with the jury’s […]
On June 30, 2023, Florida Governor Ron DeSantis signed into law Senate Bill 1416, which brings significant changes to the state’s alimony laws, including eliminating permanent alimony from the statutes. The new law, which went into effect on July 1, 2023, applies to petitions for dissolution of marriage filed or pending on that date or […]
The $787.5 million settlement recently reached between Dominion Voting Systems and Fox News is historic for many reasons, including both parties’ ability to agree upon a payout amount just minutes before the trial was set to begin. In its initial suit, Dominion sought damages totaling $1.6 billion for Fox News’s false and defamatory statements that […]
It likely will take years for the courts and regulators to unravel all the details that led to the recent bankruptcy filings of FTX, one of the world’s largest cryptocurrency exchanges, and its affiliated companies. While the exact cause and accounting of the once $32 billion company’s collapse remains to be seen, it has come […]
In this episode Director of Forensic and Advisory Services Dan Hughes explains how forensic accountants are important members of a business’ interruption insurance claims team.
In this episode Director of Family Law Forensics Sandi Perez explains how couples in divorce situations can benefit from financial analysis and investigations.
In cases involving economic damages, attorneys have an obligation to prove lost profits with “reasonable certainty” based on the use of “best evidence.” Considering that the courts have not agreed on one universally accepted standard for defining “best evidence,” such decisions inevitably rely on the facts and circumstances of each individual case. As a result, […]