Richard M. Holstrom, CPA - RGL Gallagher LLP
Economic Damages in Commercial Litigation
Agenda
What is a Forensic Accountant? (A General Definition)
What is a Forensic Accountant? (Another View)
The Reason For The Statement...
Role of Economic Expert
Expert v. Advocate
Problems with “Advocacy”
Problem Areas
Examples of Assumptions
Identifying Weaknesses
“Real” Weaknesses
“Asserted” Weaknesses
Litigation Involving Accounting/Economic Issues
Types of Damages
General Legal Principles
Distinguishing between fact of damage and amount of damage
Proximate Cause
Reasonable Certainty
Foreseeability in Contracts
Lost Profits Calculations
Purpose of Lost Profits Calculations
Lost Profits Analysis
The Pieces Of The Puzzle
Calculation Methods to Estimate Profits
Before
After
Before & After
Yardstick Theory
Yardstick
Email: holstrom@damages.com
Other information: Lost Profits Presentation -- March 1999
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Law Offices of Paul Michael DeCicco, 2003
Law
Offices of Paul Michael DeCicco, 2003