ECONOMIC DAMAGES & LOST PROFITS
Business disputes happen and the professionals at GMC & Company assist individuals, attorneys, and insurance companies in determining losses sustained as part of a catastrophic or “common” business experience. We have experience preparing expert reports on various business and individual damage matters related to lawsuits, insurance claims, and other legal settings.
Economic Damages & Lost Profits Services Include:
Lost Profits
Our forensic accounting and economic damages team delivers analytical clarity for a broad range of disputes in which financial data and modeling are crucial. The team provides accounting, financial, and valuation expertise while at the same time effectively and objectively communicating the findings to the client throughout the duration of a project.
Economic harm is often measured through a determination of lost profits or lost earnings. We calculate the value of economic harm associated with various types of commercial and civil lawsuits and then testify in depositions or at trials.
Whether serving as consulting experts or testifying experts, we support law firms, businesses, and government agencies by deciphering, interpreting, and explaining relevant accounting and financial data—including qualitative characteristics—to produce reliable and useful outcomes.
Business Economic Damages
It would be nearly impossible to cover every variation that the CPA, economist or valuation analyst will encounter. That is why it is important to work with experts such as those of us here at GMC & Company, who have the training, experience and judgment to provide sound, defensible economic damage assessments.
We can assist the attorney and client by providing a supportable economic damages analysis. Business litigation often involves economic damages. In some instances, companies seek compensation for one or more of the following:
Lost business value
Lost profits
Breach of contract
Lender liability claims
Tortuous interference claims
Theft of intellectual property claims
Breach of covenants not to compete
Insurance claims
Patent infringements
Trademark violations
Fraudulent conveyances
Personal Economic Damages
In the area of personal economic damages, we offer a full line of services specifically geared towards individuals. Our service areas include, but are not necessarily limited to: personal injury, employment and malpractice damages. Personal damages engagements generally relate to the calculation of lost income due to the loss of employment. This may result from medical malpractice, an automobile accident, a workplace injury, wrongful death or wrongful termination of employment.
Business Interruption & Related Services
Our forensic accounting and economic damages team delivers analytical clarity for a broad range of disputes in which financial data and modeling are crucial. The team provides accounting, financial, and valuation expertise while at the same time effectively and objectively communicating the findings to the client throughout the duration of a project.
Economic harm is often measured through a determination of lost profits or lost earnings. We calculate the value of economic harm associated with various types of commercial and civil lawsuits and then testify in depositions or at trials.
Whether serving as consulting experts or testifying experts, we support law firms, businesses, and government agencies by deciphering, interpreting, and explaining relevant accounting and financial data—including qualitative characteristics—to produce reliable and useful outcomes.