Litigation is often brought to court over a monetary loss, whether it is a loss in income, the cost of repairing or replacing damaged property, the cost of medical treatment, or any other form of economic loss. The monetary sum provided for compensation in such cases is the economic damage.
Due to the nature of cases involving economic damage, an economic damages expert witness is essential in providing the appropriate expertise. Such experts may be skilled in financial modeling, public finance, econometrics, business valuation, economic impact, data analysis, property valuation, pricing, probability, loss of earnings, earning capacity, macroeconomics, pensions, financial markets, or forecasting.
A strong sense of business expertise is also very significant to a case involving economic damages; since a claim may be made that a business decision or lost opportunity resulted in a financial loss. It can be important, for instance, to have an expert well versed in patents, as claims of patent infringement or validity can be the source of a potential litigation. Additional economic damage-related cases may include fraud, unfair termination of employment, wrongful medical expenses, consumer disputes, auditing, intellectual property, antitrust, royalties, trademarks, licensing, or contracts. Another example of economic damage would be the expenses of an accident, as well as the loss of wages due to an absence from work. These types of situations would be compensated in court if the case were ruled in that person’s favor.
ForensisGroup has a successful history of matching the perfect economic damages expert witness with clients, depending on the needs of their particular case. A strong background of financial expertise is very integral to such situations because of the many details involved with economic exchange. We invite you to browse our list of highly qualified experts and submit an expert request form or contact us to find a strong economic damages expert witness.
