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Example Cases - Economic Experts The following discussions are just a small sample of some of the cases in which our nationwide network of economists have provided expertise in estimating economic damages. These summaries are provided to illustrate the diversity of cases in which we have called to consult. A truck driver was injured on the job in a vehicular collision. Complicating matters was that the injured was educated in another country, spoke very little English, and remained unemployed due to the extent of the injury. In consultation with a vocational expert regarding future expected employment capabilities, our economist analyzed and estimated economic damages for lost wages, earnings capacity, employer-paid fringe benefits, retirement benefits, and impairments to household services. Multiple occupational scenarios were run, to establish a comprehensive perspective of potential damage outcomes. Wrongful Death A nurse was killed in an automobile accident. Using education and earnings history, together with demographic detail including gender, race, and occupation, an estimate of lost future earnings was modeled. Fringe and retirement benefits losses were also calculated. Valuation of a Family Limited Partnership (FLP) A taxable event occurred with the passing of one of the Limited Partners in the FLP. To satisfy IRS filing requirements, an estate attorney consulted an economic expert to value the assets of FLP. Our economist used the NAV, Income Method, and Market Methods to determine the value of a General Partnership share and a Limited Partnership share in the FLP. Limited Partnership shares were discounted for a lack of control (Discount for Lack of Control, or DLOC). A Discount for Lack of Marketability (DLOM) was also applied in establishing the value of a relatively illiquid position. Employment Litigation – Wrongful Termination A successful salesperson brought a wrongful termination claim against a former employer. Using a well-documented history of earnings, raises and promotions, future economic damages were projected 5 years forward, based upon a body of research pointing to a 5 year recovery period following a dismissal. Helpful Links Contact us Terms & Conditions Get a case started |
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