Personal Injury Damages

When Stan was injured in an automobile accident between his car and a tractor trailer operated by one of the largest shipping contractors in the U.S., his wife Maria wanted to “sue them for all they are worth.” When Stan and Maria consulted counsel, their attorney started by explaining the type of damages which were …

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Economic Damages and Lost Profits: How Are They Quantified?

Types of Economic Damages/Lost Profit Cases Business appraisers, CPAs and Certified Fraud Examiners (collectively referred to as “consultants”) are frequently retained when a party loses money as a result of a business dispute, interruption of business or any of the other causes listed below. Business Dissolutions Business Interruption Breach of Contract Breach of Fiduciary Duty …

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Commercial Damages – Lost Profits, Loss of Business Value, or Both

Damages in commercial litigation are generally determined based on a lost profits calculation or as a reduction in value of the business. Where the damage is temporary, it is usually more appropriate to determine the lost profits from the date the damage was caused to the date the business recovered from the actions of the …

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