Lost profits expert witnesses are experienced with various facets of the legal and accounting field, as lost profits refers to the monetary amount of damages suffered by a business when a buyer, vendor, business partner, or other stake holder has violated the set terms of a contractual agreement. The process of determining the amount owed in lost profits may require the involvement of an accounting or economics expert in a court case. Such cases would benefit from expert opinions provided by a lost profits expert witness based on the particular details concerning the exchange in question.
Many lost profit expert witnesses are experienced as certified public accountants (CPA), having dealt with economic damages, valuation, earning loss, fraud examination, auditing, financial forecasting, due diligence, financial modeling, debt restructuring, lending, investments, bad faith, statistics, loans, securities and investments, loss reserves, brokerage, compensation plans, and other areas related to the financial and economic fields. Each of these skills is valuable, as lost profit court cases requires an exact assessment of financial-related documents.
The lost profits expert witness retained for your case must be able to calculate the amount owed to the claimant, as proof must be presented that the monetary sum is indeed a lost profit and therefore owed to one or more parties involved with the case. Lost profit lawsuits may result from various contexts, such as corporate or consumer exchanges.
ForensisGroup has been providing highly qualified experts to attorneys for more than two decades with great success. Fill out and submit an expert request form today or call our office for further information on retaining an experienced lost profits expert witness for your case.