Learn how lost profits damages are calculated and how to effectively use an expert.
Lost profits can be one of the most difficult types of damages to properly address in disputes. In commercial litigation, financial experts may be employed to help assess and present complex financial analyses. However, it may be valuable for counsel to gain an improved understanding of lost profit damages calculations. This can help counsel and their client work efficiently and effectively with their expert witness, evaluate and cross-examine opposing experts, best identify the key information that they would need from opposing parties, and prepare their own determinations for timely case risk and return assessment. This topic will help those responsible for developing claims, as well as those responsible for responding to claim requests, to understand the general approach and methodologies used to determine lost profit damages.
Agenda
Faculty
Dayna Anderson
Kenrich Group LLC
- Vice President in the Chicago office of The Kenrich Group LLC
- Financial damages litigation consultant, specializing in commercial litigation matters involving breach of contract, forensic accounting, and construction cost overruns
- Over 15 years of experience in damage analysis
- Provided expert testimony in various settings including depositions, mediations, and arbitrations
- Certified Management Accountant
- Certified Fraud Examiner
- B.S. degree in general engineering, University of Illinois
- Can be contacted at [email protected]
David Bones
Kenrich Group
- Vice President in the Phoenix office of The Kenrich Group LLC
- Financial damages litigation consultant, specializing in commercial litigation, valuation, forensic accounting, construction, government contracts, and bankruptcy matters
- Over 16 years of experience in damage analysis with an emphasis on lost profits analysis, business valuation, construction cost accounting, and productivity analysis
- Provided expert testimony in various settings including depositions, arbitrations, jury trials, and mediations
- Certified Valuation Analyst
- B.A. degree in finance, Arizona State University; University of California, Los Angeles, Accounting Certificate
- Can be contacted at [email protected]
Joe Seder
Kenrich Group LLC
- Vice President in the Chicago office of The Kenrich Group LLC
- Financial damages litigation consultant, specializing in construction, insurance, and government contracts
- Over 19 years of experience in damage analysis with an emphasis on the evaluation of financial damages, including calculation of lost profits
- Provided expert testimony in various settings including depositions, mediations, and arbitrations
- Certified Fraud Examiner
- M.B.A. degree, University of Chicago Booth School of Business; B.S. degree in industrial engineering and management science, Northwestern University
- Can be contacted at [email protected]
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