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Commercial litigation can be a complex and costly process. Stakes are often high especially when it comes to calculating lost profits. In the battle over lost profit damages, both sides must face the tough challenge of choosing which calculation methodologies, documentation, and expert evidence to use. Defendants will often try to push back, citing credible damages studies that often leave the opposition with little to no significant damages awards.
In the course of determining a strategy against a plaintiff’s claim, litigation counsel must find ways to both defend against liability and discredit the evidence being presented through expert witnesses. This is a delicate balancing act that must be carefully assessed if the defense aims to establish a successful lost profit claims case.
Listen as finance expert Xiang (Jerry) Li provides a comprehensive discussion on how to calculate lost profits damages. The speaker will also share the latest trends, critical issues, and best calculation strategies amidst the evolving legal climate.
Key topics include:
- Introduction and Overview of Economic Damages
- General Framework to Measure Economic Damages
- Reasonable Certainty Requirement
- Constructing the But-For World
- Frequently Arising Issues