In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits.
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 […]
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, […]