Developing an opinion of economic damages requires a multitude of inputs, including high-level accounting procedures, statistical analysis, and financial theory. Sometimes, it also requires dogged pursuit of necessary documents and information. DM&A’s professional staff has the credentials, experience, and determination to filter through the information and find the answers. Further, we pride ourselves on the ability to communicate those findings in a clear and concise manner that can be readily understood.
Economic damages can arise from lost profits, lost employment income, and diminution in the value of a business or asset. Fundamentally, the analysis requires a comparison of actual financials results (subsequent to the alleged wrongful event) to the financial results that would have occurred “but for” the damaging event. Arriving at an opinion of the appropriate “but for” scenario requires supportable assumptions based on unbiased analysis and independent research.
Damages can arise from a wide array of events, including:
Breach of Contract
Natural Disaster/Casualty Event