economic loss calculations
Business economic loss claims typically result from violation of non-compete agreements, fire damages, theft loss, easement issues related to access, and unfulfilled contracts. We have testified a number of times in personal and business economic loss cases nationwide both in Superior and Federal Courts.
Personal economic losses typically result from an auto accident, medical malpractice case, discrimination, wrongful termination and wrongful death matters.
Our loss calculations include only the quantifiable losses - lost profits, lost fringe benefits and loss in household services. Our reports do not include hedonic damages which are intangible damages - lost love and affection, lost quality of life, pain and suffering, etc., as these are damages that are typically awarded, if appropriate, by a judge or jury.